Monday, 7. May 2012
Topic: EU - on May 7, 2012 at 12:29:00 PM CEST
Eurozone crisis live: Greek market rocked by election
• Greek shares fall as much as 7.7% • Euro tumbles on election results • Mediterranean bond yieds, credit default swaps rise
11.12am: Giles Tremlett from Madrid reports that: Something afresh is going on in Spain's banking sector... but
Spain's prime minister Mariano Rajoy has this morning announced a further round of reforms to the country's ailing banking system for later this week.
1.41pm: Analysts at Citigroup have raised the likelihood of Greece leaving the euro within 18 months to 75% after the shock election result.
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