Euro, stocks plunge as Greece seen on course to default

The euro fell almost 2 percent and share prices tumbled across Asia on Monday as Greece looked set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs. Japan's Nikkei (.N225) fell 2.1 percent while MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.8 percent, drawing little help from more policy easing from China's central bank at the weekend. Chinese stocks have plunged over 20 percent in the last two weeks, hit by tight liquidity conditions ahead of the quarter-end and uncertainty over the central bank's monetary policy.

Euro, stocks plunge as Greece seen on course to default source: http://finance.yahoo.com/news/euro-stocks-plunge-greece-seen-010742915.html