BBC News
October 4, 2011
Eurozone finance ministers have delayed making a decision on giving Greece its next instalment of bailout cash, sending European shares down sharply.
It came after Greece said it would not meet this year's deficit cutting plan.
A meeting set for 13 October, when finance ministers had been expected to sign off the next Greek loan, has now been cancelled, said BBC Europe correspondent Chris Morris.
French shares fell 2.6%, German stocks 3%, and the UK's FTSE 100 2.6%.
US markets also opened sharply lower, but had recouped most of their losses by lunchtime in New York.
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