The FTSE 100 has clawed back to trade 27.3 points lower at 5,499.9, but the mood remains tense after Italy's borrowing costs surged into 'bailout territory earlier.
Speculation that Prime Minister Silvio Berlusconi will hand in his resignation later this week helped to calm the markets, although investors appear to have little confidence in the country's creaking finances.
The developments in Italy, which is the eurozone's third-largest economy and has debts worth 120 per cent of national income, dragged attention away from Greece, where Prime Minister George Papandreou has resigned.
Read more: http://www.thisismoney.co.uk/money/markets/article-2058447/FTSE-LIVE-Market-slips-Greece-scrambles-form-unity-government.html#ixzz1d1kkW6D5
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