Traders seeing Greek tragedy unfold across world bourses

The continued political stalemate in Greece triggered more heavy falls for world markets yesterday.

More than £28billion was wiped from the value of the FTSE 100 index after Greek President Karolos Papoulias was unable to broker a deal as the anti-bailout Radical Left Coalition party refused to join a coalition government.

Britain’s leading share index fell 2%, or 110 points to 5,465.5, meaning the UK’s top 100 companies have lost £90billion in the past two weeks.

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