World Economy

Grexit Hammer European Markets

Grexit Hammer European MarketsGrexit Hammer European Markets

Fears that Greece could end up leaving the eurozone after elections later this month rattled European markets, with stock prices hammered, AFP said. Greek stocks sank more than 5%, while the Paris, Madrid and Milan exchanges fell more than 3%, and the euro hit a nine-year low on renewed concerns about the currency bloc. The specter of a Greek exit from the eurozone has reared its head again despite a plea by French President Francois Hollande on Monday for Greece to abide by its European commitments and the European Commission saying eurozone membership was irrevocable.