Markets slide as Greek election talks collapse

Officials in Greece said new elections will now be held, after further discussions among politicians ended without success. With Greece set to head back to the polls, investors sold stocks further, with major indices across Europe down in today's session. As US markets opened, shares in London had fallen to day lows, with the FTSE 100 off 1% at 5,411 points. In Europe markets were also weaker, with Germany's Dax down 0.9% at 6,396, and the French Cac off 0.7% at 3,036. Peripheral markets were faring worse, with Spain's Ibex down 1.8% at 6,690, and the main Athens index off 4.7% ...