Renewed uncertainty over the outlook for Greece made for a nervous session in the markets, although global equities displayed some resilience and oil prices climbed to multi-month highs.
Mounting concerns that a second bail-out for Greece could be delayed, possibly until after elections in the country in April, drove the euro below $1.31 against the dollar and provided support for German government bonds.
An emergency meeting of eurozone finance ministers to approve the bail-out, scheduled for yesterday, was postponed amid doubts about whether Greek politicians would continue to back the tough terms of the rescue deal after the vote.
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