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Euro plunges as Greek talks collapse
http://www.dw.de/euro-plunges-as-greek-talks-collapse/a-18517869Markets have reacted strongly to the latest breakdown in debt talks between Greece and its foreign lenders. Fears of a looming Grexit now have some warning that of a "state of emergency" hitting Athens next month.
Euro plunges as Greek talks collapse
15.06.2015
Intensifying fears of a Greek eurozone exit sent jitters through Europe stock markets on Monday, as early trading saw shares nose-diving.
London's benchmark FTSE 100 index slipped 0.52 percent to 6,749.81 points, France's CAC dropped 1.1 percent, while Italy's FTSE MIB equity index fell 1.3 percent. Germany's DAX took a big hit, with trading tumbling by 1.5 percent. Meanwhile, Athens' own exchange fell into a virtual coma, as stocks plummeted more than 6 percent.
The strong reactions came after debt talks between Greece and its international creditors - the European Union and the International Monetary Fund (IMF) - broke down for the umpteenth time on Sunday.
This was far from the first time a collapse in negotiations triggered warnings that cash-strapped Athens may soon run of money and default on more than 320 billion euros ($360 billion) of debt.
