Greece sets new election date

Greek political leaders are meeting today to form a caretaker Government to take the country through to a June 17 election - the second in just over a month. The talks come as hundreds of millions of Euros are withdrawn from Greek banks.

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FTSE 100 down over Greece concerns

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.

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