A failure by political leaders in Greece to form a coalition Government raised fresh concerns over its future in the eurozone and triggered further losses on the London market today.
The FTSE 100 Index was 74 points down at 5363 after newly elected Greek politicians - divided over how to resolve the country's economic crisis - were unable to reach an agreement, forcing a new election to be held in June.
Greece will hold new elections next month after party leaders failed to find an agreement on a coalition Government.
As well as traders preparing for the return of the Greek drachma some UK companies are considering a eurozone exit strategy.
A business leader said if there was a sudden deterioration in the eurozone it would be like an 'earthquake' for British firmS.