European shares extend slide as Greece nears default on IMF loan
* FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 0.9 pct
* Greece hours away from default, deal on Tuesday seen unlikely
* Euro zone banks steady slightly following slump
* Luxury sector hit by BAML downgrade
By Alistair Smout
LONDON, June 30 (Reuters) - European stocks fell again on Tuesday, extending the previous session's decline as Greece looked set to default on an international loan ahead of a weekend referendum that could pave the way for its exit from the euro.
The pan-European FTSEurofirst 300 index was down 1 percent at 1,515.51 points by 0743 GMT, extending falls after a 2.8 percent slump on Monday. The Euro STOXX 50 fell 0.9 percent.
With Greece hours away from defaulting on a 1.6 billion euro loan from the International Monetary Fund, tens of thousands of Greeks rallied on Monday to back their left-wing government in a clash with foreign lenders which has pushed Greece close to financial chaos and forced a shutdown of its banking system.