Europe markets claw back on hopes of fresh talks

London

EUROPEAN markets, with the exception of closed Greece, plunged between 4 and 5 per cent before rallying slightly, leaving losses at a manageable 2 per cent to 4 per cent, so far. The euro tumbled below 1.10 against the US dollar, a three-week low, but then revived by one cent.

By mid-morning, declines were not as bad as expected, illustrating that analysts and trad…