European shares fall as Greek worries linger

European stocks fell on Monday, impacted by a lack of concrete progress on Greece's debt problems, with major banking shares among the worst performers. The pan-European FTSEurofirst 300 index fell 1 per cent to 1,529.27 points in early session trading. Germany's DAX retreated 1.5 per cent to 11,033.92 points, leaving the DAX some 11 per cent below a record high set in April, while France's CAC declined by 1.1 per cent. Italy's FTSE MIB equity index also fell 1.3 per cent, with banking group Intesa Sanpaolo dropping 2 per cent as worries over Greece's debt situation pushed down Italian bond futures, according to Reuters.