World markets slide on 'disappointing' eurozone summit

French president Nicholas Sarkozy and German chancellor Angela Merkel are calling for a tax on financial transactions to raise more revenues as they respond to the euro debt crisis, but the meeting failed to alleviate investors' concerns. The sentiment hit the markets, with all the major European indices opening lower. The FTSE index of 100 leading shares was down 1.12% to 5,297.52 just before 9am. Financials were among the worst hit, with Standard Life down 3.48% to 205p per share, Barclays fell 3.41% to 175.40p, and Royal Bank of Scotland share fell 3.15% to 24.92p. In the eu...