Stocks, Euro tumble as European credit risk surges on Greece debt concerns.

Stocks sank, while the euro touched a ten-year low versus the yen and a six-month low against the dollar, as concern grew about Greece’s debt crisis. European bank and sovereign credit risk reached all-time highs as 10-year Treasury yields slid to a record. Oil fell 2 percent.

Source Bloomberg / By Stuart Wallace and Rita Nazareth

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