Stocks are getting slammed around the world to start off the week.
England’s FTSE 100 is down 1.6%.
France’s CAC 40 is down 1.9%.
Germany’s DAX is down 1.6%.
Spain’s IBEX is down 4.2%.
Italy’s FTSE MIB is down 4.1%.
Greece is back in the headlines.
According to Germany’s Der Spiegel newspaper, the IMF may not give extend bailout funds to Greece, which could reportedly send the debt-laden country into bankruptcy by September.
In other news, German economy minister Philipp Roesler said that the thought of a Greek exit from the euro has “lost its horror.” Roesler is also sceptical about Greece’s ability to meet requirements to get its bailout funds.