Euro markets slide on Portugal fears

Resource stocks lead the declines for the FTSE 100, with the index dropping 1.31% to 5.624.35. European markets are also sharply lower, with Paris' CAC 40 down 1.62% and the German DAX down 1.22%. Investor focus has now moved to Portugal, with reports suggesting the European Union is urging the country to seek a bailout. A report in the Financial Times Deutschland quoted a German finance minister as saying a rescue package for Portugal would help prevent the sovereign debt crisis spreading to Spain. Portugal has vehemently denied the report. The anxiety has sent government bond ...