London (AFP) - European stock markets retreated on Monday but losses were less sharp than feared after Greece rejected creditors' austerity demands in a weekend referendum.The relatively muted reaction indicated that the result had been somewhat priced-in and that it does not necessarily mean that Greece will crash out of the eurozone, according to analysts.In late morning deals, Frankfurt's DAX 30 shed 1.10 percent to 10,936.75 points and the CAC 40 in Paris fell 1.33 percent to 4,744.41 points. Madrid lost 2.0 percent and Milan slid by 2.73 percent in value.