The European Stock Exchanges plummet after the umpteenth one stalemate on negotiations between Greece and creditors: according to many sources, in fact, neither the Eurogroup nor tonight's European Council will be decisive in this sense, given that the Greek Finance Minister, Tsakalotos, presented himself to the meeting with his colleagues without a real new agreement proposal and that according to it seems only tomorrow that the Tsipras government (which will go to the European Parliament in Strasbourg) will present a new solution hypothesis.
Business Square, which lost less than 16% until 1 pm, multiplied its losses within a few minutes, reaching -2% around 16,30 pm, after already losing more than 4% yesterday. As happened yesterday, banking stocks suffered the most, but also Saipem, as a result of the new declines in oil prices, and Stmicroelectronics, which yesterday was the only stock in positive territory in the entire Ftse Mib basket.
Heavy losses also for the other lists: Paris -1,6%, Frankfurt -1,5%, London resists at around -0,9%. The BTP-Bund spread it starts to rise again and approaches 170, reaching 16,30 basis points around 168, an increase of about ten points compared to the opening this morning. The euro also loses ground against the dollar: in the afternoon the European currency travels on dollars 1,092685, against 1,1025 this morning as the stock markets started.
