Home > EU > European shares fall

European shares fall

Written by Business World, on 17th Feb 2015. Posted in EU

article headlineEuropean shares fell on Tuesday after talks between Greece and euro zone finance ministers over the country's rescue package broke down, raising doubts about Athens' future in the euro. The pan-European FTSEurofirst 300 index was down 0.3 percent at 1,497.06 points at 0803 GMT. Greece's Athex share index was due to open at 0830 GMT. Euro zone banks, which have a large exposure to the region's sovereign debt market, led the declines, falling 1 percent. After the market close on Monday, Greece rejected a proposal to request a six-month extension of its international bailout package as "unacceptable". Dutch Finance Minister Jeroen Dijsselbloem, who chaired the meeting, said Athens had until Friday to request an extension, otherwise the bailout would expire at the end of the month. "It's a big risk and the pressure is immense," said Joost Van Leenders, chief economist of multi asset solutions at BNP Paribas Investment Partners. "The parties have to move and the room for manoeuvre is pretty small." (Reuters) For more visit: www.businessworld.ie

More articles from EU

image Description

Euro zone companies cut loan applications for first time in six years

Read more
image Description

Euro zone slowdown has bottomed but no big bounce in sight

Read more
image Description

EU says it will assess if US-China deal meets global trade rules

Read more
image Description

Brexit extension ultimately up to Britain says EU

Read more
image Description

EU's Barnier says it will take more than a year to agree full deal with UK

Read more