A protestor gestures to police near the Parliament building in Athens where a bank was firebombed, killing three people / AFP Source: AFP
Tear gas fired at crowd in Greece
SHARE markets around the world have been hit by renewed concerns that Greece's debt crisis could threaten global economic recovery, as rioting in Athens left at least three people dead overnight.
The scenes of mass riots combined with fears that the €110 billion ($158 billion) bailout package offered to Greece by the European Union and the International Monetary Fund will not be enough to stop the debt crisis spreading to other European nations including Spain, Portugal, Italy and Ireland.
"I believe that contagion risks are increasing," IHS Global Insight economist Diego Iscaro said.
Market analyst Patrick O'Hare of Briefing.com warned that "European officials have more to do to prove that they have the resolve to keep Greece's problems from spreading".
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