European shares dropped sharply when markets opened on Monday, undermined by concerns that policy makers are not doing enough to find a permanent solution to the eurozone’s peripheral debt crisis.
The euro also hit a six-month low against the dollar and a ten-year low against the yen.
The worry is that the bloc’s support for Greece is wavering and the country may be forced to default.
Unity is crucial at a time like this – but there seems to be only division in the eurozone.
The surprise departure of a top ECB executive last week has highlighted the ongoing disagreement over how to tackle the debt problem.
Top-level meetings are being held in Brussels, while EU Commission President Jose Manuel Barroso is meeting Angela Merkel in Berlin.