"The real concern isn't about Greece, it's about the euro and whether it breaks up -- that is key"
- Mark Tinker, a fund manager at AXA Framlington Investment Management
European stocks declined on Wednesday as investors awaited resolution of Greek coalition talks and yields on Spanish 10-year bonds rose above 6 per cent.
The Stoxx Europe 600 Index edged lower 0.34 per cent to 249.73 and France's CAC 40 Index lost 0.20 per cent. The U.K.'s FTSE 100 Index retreated 0.44 per cent to 5530.05.
"The real concern isn't about Greece, it's about the euro and whether it breaks up -- that is key," Mark Tinker, a fund manager at AXA Framlington Investment Management.
"We don't make a big economic scenario after a couple of days of moves, but I think there is a lot of anxious market repositioning going on right now."
© Dukascopy Bank