FTSE 100 falls to year low on Greece deadlock

Last week, Greece's latest attempt to form a coalition government ended in deadlock, with the four main parties divided over how to tackle the country's debt mountain. The stalemate has sparked fresh fears Greece will exit the euro and default on its debt obligations, which this morning led to a broad sell-off in European markets. The FTSE 100 fell 1.48%, or 83 points, to a year low of 5,492. This is way off its position in Q1 of this year when it was skirting around the 6,000 mark.  European markets have also swiftly sold off. The French Cac is down 1.48% to 3,083, while the Germa...