FTSE CLOSE: Renewed fears over Europe send stock markets into the red

Nervous investors headed for the exit ahead of an expected plea from Greece for more time to meet austerity measures. The FTSE 100 Index slumped 1.4 per cent, or 83.3 points to 5774.2, while the Cac 40 in France was down 1.5 per cent and Germany's Dax dropped 1 per cent.

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