195-Stocks battered by Europe’s debt woes

Monday 16.00 BST. Weary disappointment is enveloping traders after European Union finance ministers failed to produce a plan for solving the bloc’s debt problems, raising fears that the fiscal crisis will weigh further on the global economy.
The FTSE Eurofirst 300 is down 2.3 per cent as banks are sold after several sessions of respite, with fretting over a possible Greek default – as talks drag on regarding the next bail-out tranche – continuing to apply pressure. Stresses in the eurozone debt complex can be seen in a 9 basis point rise for Italian 10-year bond yields to 5.60 per cent...................


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