Markets dive amid Greece default fears

The eurozone's finance ministers have signalled that Greece could still get a loan instalment it needs to avoid bankruptcy. But they said the final decision will be delayed until later this month.The move comes amid ongoing concerns that Athens may not be able to reach deficit and spending targets set by its lenders.

Meanwhile,

World stocks hit a fresh 15-month low today and the dollar rose to a nine-month peak as fears over a major banking crisis in Europe mounted.

The sharp decline was also influenced by expectations Greece could soon default, accelerating a global economic slowdown.

“I think that we’re going to see this roller coaster continuing until we have a number of firm resolutions in place”, says Vanessa Rossi, Economic Adviser to UK based analysis company Oxford Analytica.

She also told Lydia O’ Kane that at this point the euro currency is not in any danger.Listen