£39BN WIPED OFF THE FTSE AS FEARS GROW OVER GREECE’S DEBTS

INVESTORS took a battering yesterday as Greece’s economic meltdown wiped £39billion off the value of the FTSE 100 top shares index.

It fell 2.6 per cent to close at 5603.5 after its biggest one-day dive since last November.

The falls came as credit ratings agency Standard & Poor’s slashed Greece’s sovereign debt to junk status, and sparked worries that debt contagion could sweep across Europe by also downgrading crisis-hit Portugal.

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