DAX index falls as Euro Zone FMs hold off on Greece

German DAX 30 plunged on Friday, pushed down by financial shares and car makers after Euro-Zone finance ministers decided to defer a bailout package for Greece. Commerzbank tumbled 6% while Deutsche Bank fell 4%. BMW AG lost 2.9%, Volkswagen PFD dropped 3% while Daimler AG edged down 1.5%. Moreover Euro fell against greenback to USD 1.3177. At the moment of writing German Dax is 1.69% or 114.73 points down at 6,674.99.