share: digg facebook twitter LONDON (AP) — Stocks took a hammering Monday as Greece struggled to convince international creditors that it can meet its debt obligations in return for more bailout cash to avoid running out of funds as soon as next month. While investors keep a close watch on the internal debate in Greece, they are also monitoring developments in Germany after Chancellor Angela Merkel's government suffered a big electoral defeat in Berlin, which shut out her Free Democratic party coalition partners from a regional parliament. [...] most analysts think the Fed will fall short of announcing another monetary stimulus program, given that inflation levels remain relatively elevated. "Many still expect some sort of central bank assistance to be announced at this week's Federal Reserve meeting, but the ongoing concerns over a Greek default are likely to overshadow this unless there is some sort of firm reassurance that this can be avoided," said Ben Critchley, a sales trader at IG Index.

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