FTSE sheds 100 points as euro break-up fears mount

Despite assurances from leaders across Europe including French President Nicolas Sarkozy and German Chancellor Angela Merkel, investors can see little way for Greece to avoid exiting the single currency. Although there was a rally last week following moves by central banks to provide additional liquidity in markets, this morning traders reverted to selling off positions. By 9:30am, the FTSE 100 was 100 points, or 1.87%, to fall to 5,267. French and German shares were hit even harder, with the Cac 40 off 2.4% at 2,959 and the Dax down 2.3% at 5,445. The falls come after a mixed s...