ATHENS/BERLIN (Reuters) - Greece's economic crisis sent shivers of fear through global markets on Thursday over concern it could spread like wildfire through Europe and beyond.
German Chancellor Angela Merkel said Europe's fate was at stake. France declared the euro was under speculative attack but said such a move would fail. And the Greek government vowed not to retreat a single step despite violence on the streets of Athens.
Anxiety the crisis may spread sent stocks tumbling worldwide. The euro sank to its lowest level in over a year, falling below $1.28 in Asia and down over 10 percent since the start of the year.
Japan's Nikkei average fell more than 3 percent to its lowest level in nearly two months as the market caught up with the global selloff following a three-day holiday this week.
With three people dead yesterday Greece just moved one step closer to the brink.
Tragic indeed:
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