Greek jitters hit European equities, Athens' shares fall sharply

lunes 9 de febrero de 2015 05:38 GYT

* Pan-European FTSEurofirst 300 falls 1.3 percent

* Greece's ATG index down 5.2 pct, Greek banks fall 9.1 pct

* Euro zone's blue-chip Euro STOXX 50 down 1.6 percent

By Atul Prakash

LONDON, Feb 9 (Reuters) - Greek shares tumbled on Monday, helping drag down European share indexes, after Prime Minister Alexis Tsipras laid out plans to reverse austerity measures imposed on his country and vowed not to extend its current bailout deal.

In his first major speech to parliament, Tsipras on Sunday set himself on a collision course with his European partners and rattled off a list of moves to reverse reforms.

His defiant speech came after Standard & Poor's on Friday cut Greece's sovereign debt rating and Moody's put its rating on review for downgrade, adding to the pressure on Athens to reach an agreement with its international lenders.

"The discussions between Greece and its European peers look like they will intensify this week. The comments by the Greek government over the weekend do not give us the impression that the two sides are getting any closer," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels, said.

Greece's ATG share index slipped 5.2 percent, while the Greek banking index was down 9.1 percent. National Bank of Greece, Alpha Bank and Bank of Piraeus fell 7.3 to 10.3 percent.   Continuación...