Greek Shares Dropped Sharply After The Latest Fiasco

Greek shares have dropped sharply after the latest talks with EU officials in Brussels failed without reaching an agreement on Sunday.

Athens' benchmark ATG index, which fell 5.9% on Friday, was down 5.4% in trading on Monday.
A European Commission spokesman said while progress was made at Sunday's talks "significant gaps" remained.
Europe wants Greece to make spending cuts worth €2bn (£1.44bn), to secure a deal that will unlock bailout funds.
Greek bank stocks were hit hardest on Monday morning with Athens' Stock Exchange FTSE Banks Index falling 9.8%.
National Bank of Greece fell 8.8% and Bank of Piraeus dropped 15.1%.
More widely shares across Europe were lower on heightened fears of a default and messy Greek exit from the eurozone in just over two weeks' time.
Greece must repay more than €1.5bn of loans to the International Monetary Fund (IMF) at the end of the month and promise further economic reforms to receive around €7bn bailout funds, which have been delayed by three months amid growing fears the government has run out of money altogether.
Sticking points between Greece and the IMF and EU remain reforms to VAT, pensions and a primary budget surplus target for this year and next year.
Talks were reported to have broken up after just 45 minutes on Sunday.