Greek uncertainty hits FTSE hard

AOL Money Staff
London Stock Exchange
London Stock Exchange

The London market has suffered falls of nearly 2% after attempts to form a coalition continued to stutter and once again raised the prospect of Greece exiting the euro.


The FTSE 100 Index was 107.8 points lower at 5467 after Greek President Karolos Papoulias failed to broker a deal late on Sunday night, a week after national elections produced a deadlock with no party winning enough seats to form a government.