Amsterdam stock exchange closes under 300 points over Greek fears

Amsterdam stock exchange’s blue-chip AEX index closed under 300 points on Monday, in line with developments elsewhere in Europe as concerns mounted over Greece.

The AEX closed down 2.3% at 298.05 points, the first time this year that the index has closed below 300.
Shares fell across Europe amid fears that Greece may be forced to hold another election as weekend talks to form a coalition government failed.
Dutch finance minister Jan Kees de Jager said on the fringes of a meeting of eurozone countries in Brussels on Monday that Greece has no alternative to making far-reaching cuts in government spending.
‘The cuts and reforms have to go ahead,’ De Jager said. ‘Greece has to vote for a parliament which will carry out reforms and cut-backs, otherwise I foresee major problems.’
De Jager declined to comment on the possibility of Greece pulling out of the eurozone, as an increasing number of people are now openly speculating.

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