European stock markets drop

European stock markets fell on Tuesday as investors reacted to the fallout from Greece, with focus on the banking sector.

London's benchmark FTSE 100 index slipped 0.23 percent to stand at 6,673.53 points in midday deals.

Frankfurt's DAX 30 dropped 0.35 percent to 11,403.80 points and the CAC 40 in Paris lost 0.67 percent to stand at 5,086.04 compared with Monday's close.

In early afternoon Greek trading, the ATHEX index was down 1.26 percent.

It had suffered its steepest ever fall of 16.32 percent on Monday when trading resumed after a five-week shutdown imposed by the country's debt crisis.

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