29 Jun 2015

European markets close down sharply on Greece fears

Frankfurt - Europe's main markets closed sharply lower on Monday over the escalating Greek crisis, with the eurozone's periphery nations taking the biggest hit.

Frankfurt's DAX 30 lost 3.56% to 11 083.20 points and the CAC 40 in Paris shed 3.74% to 4 869.82 points while London's benchmark FTSE 100 index of top companies fell 1.97% to 6 620.48 points.

Eurozone nations with high debt burdens were hardest hit, with both Lisbon and Milan plunging more than 5% and Madrid slumping 4.56%.

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