iShares MSCI Italy Index Fund ( EWI) -2.4%

Thanks to a successful debt swap, Greece is even closer to securing its much-needed bailout funding. Despite this news, however, tensions remain high in this region and ETFs linked to the EU are taking a hit.

Non EU-related Europe-tracking ETFs like the iShares MSCI Turkey Investable Market Index Fund ( TUR) are also taking lumps.

All prices as of 2:10 PM EST.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any equities mentioned.

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