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Shares fall over euro fears

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Tuesday, May 15, 2012
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The Sentinel

NERVOUS traders wiped £28.5 billion from the value of London's leading shares index as fears intensified that Greece will crash out of the euro.

Another day of turmoil saw the FTSE 100 Index close two per cent, or 110 points, lower at 5465.5 as attempts to form a coalition government in Greece continued to stutter.

That left the country facing the prospect of another election next month, putting its future in the eurozone in increasing doubt.

The uncertainty hit banking shares, with Royal Bank of Scotland and Barclays among the biggest fallers.

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