European Stocks, US Futures Fall As Greek Debt Negotiations Stall

Greece AcropolisThe Acropolis

Stock markets across Europe are are falling early in the trading session. The Euro Stoxx 50 is down 0.8%.Britain’s FTSE 100 is down 0.5%.

Germany’s Dax 30 is up 0.5%.

France’s CAC 40 is down 1.0%.

Spain’s IBEX 35 is down 0.8%.

Italy’s FTSE MIB is down 0.6%.

Greek debt swap negotiations made little progress over the weekend and will continue today. Prime Minister Lucas Papdemos set a Monday deadline for the a final deal.  Greece may lose access to future bailout funds if an agreement isn’t reached, which would put the country at risk of a default in the coming weeks and months.

Meanwhile, U.S. futures are also selling off.  Dow futures are down 64 points and S&P 500 futures have dropped 8 points.

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