Greek debt crisis: LIVE REPORT
Athens (AFP) - 08:35 GMT - Safe havens sought - "The euro experienced heavy selling... as traders sought the safety of the yen, Swiss franc and gold to protect against the negative fallout from events in Greece," says Craig Erlam, senior market analyst at Oanda trading group
08:34 GMT - Frankfurt down 4% - Shortly after the start of trading, Frankfurt's DAX 30 was showing a loss of 4.26 percent to 11,003.17 points compared with Friday's closing level.
In Paris the CAC 40 dived 4.23 percent to 4,845.31 points. The main indices in Milan and Madrid each plummeted by 4.35 percent in value.
Outside the eurozone, London's benchmark FTSE 100 lost 2.14 percent to 6,609.69 points.
08:32 GMT - Shares dive - European stocks dived in early trading Monday as investors fear Greece could be heading for a eurozone exit, with a number of indices shedding more than four percent.
The European single currency earlier dropped below $1.1 with Greece ever closer to defaulting on its debt.
08:24 GMT - WELCOME TO AFP'S LIVE REPORT on the Greek debt crisis after the government of Prime Minister Alexis Tsipras announced it will shut banks for a week and impose capital controls until a referendum next Sunday on creditors' proposals.
Join the conversation about this story »