North American stock markets appear poised to follow European and Asian markets as new worries of a Greek default sent investors to the sidelines on Monday. A flight to safety is being blamed for a two-percent plunge in European stock indices as investors booked gains made last week.
At meetings on Saturday, European Union finance ministers broke no new ground in dealing with the crisis and made no decision on whether to give more firepower to the 440 billion euro ($607 billion) bailout fund.
Source: Reuters
