LONDON (Reuters) - A top euro zone share index ended Friday with its worst weekly fall this year, as the market was hit by uncertainty over Greece's referendum on its bailout terms, which could determine whether it stays in the single currency.
The blue-chip Euro STOXX 50 <.stoxx50e> index closed down 0.6 percent at 3,441.76 points, marking a weekly fall of around 5 percent, its worst since a 6 percent drop in December.The FTSEurofirst 300 <.fteu3> slipped 0.6 percent while Germany's DAX <.gdaxi> equity index retreated 0.4 percent. The DAX is now 11 percent below a record high reached in April.European stock markets have lost ground due to concerns over Greece's debt crisis, although the impact of Greece has been cushioned to an extent by economic stimulus measures from the European Central Bank, including aid for Greek lenders.Greece failed to make a payment due to the International Monetary Fund this week and will hold a referendum on Sunday on whether to accept its creditors' bailout terms. The 'Yes' and 'No' camps are finely balanced.Peter Oppenheimer, chief global strategist at Goldman Sachs, said a worst-case scenario if the Greeks voted "No" to the bailout program could see the Euro STOXX fall to 3,150.Rupert Baker, equity sales executive at Mirabaud Securities, said: "Our clients are certainly not panicking, but they're generally holding back from taking up new positions."Banks came further under the spotlight. Royal Bank of Scotland