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Markets down over ongoing Greece fears

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Markets down over ongoing Greece fears


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.

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