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World stocks tumble as Greek riots turn deadly

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By The Staff

LONDON (AP) — World stock markets fell further Wednesday while the euro slid to a fresh 13-month low as three people died in a blaze at an Athens bank during rioting against austerity measures imposed as part of an international bailout package for heavily indebted Greece.

The FTSE 100 index of leading British shares was down 96.41 points, or 1.8 percent, at 5,314.70 while Germany's DAX fell 69.95 points, or 1.2 percent, to 5,936.91. The CAC-40 in France was 68.31 points, or 1.9 percent, lower at 3,620.98.

No relief came at the U.S. open despite better than anticipated jobs data — the Dow Jones Industrials average fell 80.49 points, or 0.7 percent, at 10,846.28 while the Standard & Poor's 500 shed 12.63 points, or 1.1 percent, to 1,160.97.

Meanwhile, the euro slid to $1.2859, its lowest level since late April 2009.

The selling pressure accentuated as Greek fire officials confirmed that three people died in a blaze at an Athens bank during a 100,000-strong protest in the city against spending cuts aimed at saving the country from bankrupted.

The main reason behind this week's sharp stock market declines has come despite the weekend's €110 billion ($143 billion) bailout package for Greece — the deal has done little to assuage market fears that the crisis will spread to other countries like Portugal and Spain.


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