Shares fall across Eurozone - Investments - News - Moneyfacts


Shares fall across Eurozone

Shares fall across Eurozone

Category: Investments

Updated: 14/05/2012
First Published: 14/05/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Shares have fallen across the Eurozone as fears about the continent's economy continue to grow.

Finance ministers from across the Eurozone are to meet this afternoon when they will discuss the ongoing debt crisis in Greece and problems with the banking sector in Spain .

The fears have made for a troublesome day in the trading markets, with the FTSE 100 falling by 2.1%.

The UK 's banks have also seen the value of their shares fall, with Lloyds Banking Group seeing its stock price fall by 5.6% to 29.35p.

In addition, Barclays' share price fell by 5.5% to 191.6p and Royal Bank of Scotland dropped by 5.1% to 21.79p per share.

French banks were also subject to heavy falls in their share prices.

The German Dax index fell by 2% this afternoon, while the French Cac saw its value tumble by 2.3%.

The heaviest fall outside of Greece was suffered by the Spanish Ibex, which dropped by 2.5%.

But the stock market in Greece was hit hardest, with share prices in Athens down by 3.4%, with the nation's banks seeing more than 6% wiped off their values.

The crisis has also engulfed currency markets; the euro fell to a three and a half year low against sterling today, down to 79.93 cents to the pound.

The European currency also fell to a near four month low against the dollar.

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