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

EU sees euro zone growth slowdown

Read more
image Description

UK and EU strike tentative Brexit deal on financial services

Read more
image Description

EU offered UK an extra year to ease Irish problem

Read more
image Description

EU negotiator calls for "orderly Brexit" with Irish backstop

Read more
image Description

EU to present plans showing it can cope with no deal

Read more