European markets fall amid concern over Greece debt talks

European stock markets have fallen today as talks between Greece and its private bondholders stall.

European finance ministers are attempting to get Greece’s private creditors to accept a lower rate of interest. The deal is necessary for Greece to receive the bail out funds it needs.

At 14.01, the FTSE 100 was down 0.9 per cent to stand at 5729.04. The French Cac 40 and the German Dax were also down by more than 1 per cent.