World stocks tumble over Greek crisis

World stocks dived today after a failure by Greece’s political leaders to form a coalition government set the stage for new elections next month, keeping Europe’s debt crisis centre stage.

The turmoil in Greece sent European shares lower in early trading. Britain’s FTSE 100 fell 0.9% to 5,388.93 and Germany’s DAX slid 1% to 6,335.93. France’s CAC-40 was down 0.4% at 2,036.30.