Stock market tumbles along with Euro as possibility of Grexit increases

Source: Sky News
© scanpix/Reuters
While the common currency reached its weakest level since 2007 against the Pound, European stock markets retreated at the opening, as the CAC 40 and DAX both dropped 4.3% to 4840.71 and 10,975.76 points respectively. Investors switched from Spain's and Italy's bond markets to supposedly safer German bund market, while Greek government ten-year bond yield rose to 14%.
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