European shares extend falls; Dexia plunges

European shares extend falls; Dexia plunges

London: European shares extended falls on Tuesday, with banks lower on worries a Greek default could spark a crisis in the sector, and Dexia hitting a record low.

At 1:17pm, the FTSEurofirst 300 index of top European shares was down 2.2% at 891.90 points.

The STOXX Europe 600 Banking Index fell 3.5 %. Franco-Belgian Dexia, which has large exposed to Greece, fell 25% and had hit a record low.

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