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London's blue chip index fell by 4.93 points or 0.1 per cent at 5,887.27 this morning, remaining in the vicinity of a six-month high after adding three per cent over the course of last week, Reuters reports.
This blip in the FTSE's performance comes as European leaders bid to avoid a messy default in Greece, with a full package needing to be approved by the eurozone, the European Central Bank and the International Monetary Fund by February 15th.
"We continue to think that uncontained exit fear contagion would have grave implications for the rest of the euro area, the European Union and the world at large," said Citigroup.
The euro dropped yesterday after Fitch Ratings mooted the possibility of Greece defaulting on its substantial debts.
Posted by Greg Secker
