As share prices tumbled for the eighth day in succession in London, European Commission president Jose Manuel Barroso said the single currency was on the brink of collapse.
‘Without stronger economic governance in the eurozone it will be difficult if not impossible to sustain the common currency,’ he said.
The apocalyptic warning – unusually stark for a top official in Brussels – fuelled fears that the region is on the verge of meltdown.
The FTSE 100 index fell 67.04 points or 1.29 per cent to 5139.78 – wiping £17.3billion off the value of Britain’s leading companies. The blue chip index has lost 405 points, or £105billion, over the past eight days of trading in its longest losing streak since January 2003. Read More