European indices plunged again on Friday, pulled down by Greece as, for the first time, European senior officials first raised the possibility of a Greek default, according to several EU officials.

The CAC 40 lost 1.41% to 4,901.19 points, a decline of 0.4% throughout the week.

The London Stock Exchange lost 0.9%,Frankfurt 1.2% and Milan 1.27%. The Stoxx 600, which includes the main European values, dropped 0.91% at closing.

“If Greece exits the Eurozone, it will have immediate impact on France, Spain and Italy and it could be the end of the Eurozone”, a german officials said

Late in the session, European stock markets have reduced their losses – the CAC 40 lost more than 2% by mid-afternoon – after a Greek government official had said that a Greek delegation would meet the international creditors of Greece Saturday morning in Brussels.