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Greek shares, bonds slump on default concerns

Main fear is that Merkel is losing patience with debt negotiations which have so far failed

Mr Tsipras' left-wing government is refusing to accept new spending cuts and tax rises.


FEARS that Greece will default on its debt in coming weeks caused a major Greek share and bond slump and a slide on other European markets.  Such is the concern that on Monday the Greek stock market plunged by 7 per cent, before recovering slightly so that in two days' trading the