Markets Cautious Over Eurozone Prospects, As Germany Squares up Against Greece On Debt

European markets fall on Monday, as German inflation slows further, oil prices slump again and the euro sinks on hopes of quantitative easing announcements from the European Central Bank this month. New reports say the German government is now prepared to see Greece exit from the Euro if populist Syriza party wins an election later this month and tries to renege on country’s reform program. Germany denies it is expecting an exit, but says it is working on assumption Greece will abide by its obligations in any renegotiation of bailout conditions. Marks & Spencer’s shares fall in expectation that retailer will announce weak Christmas sales later this week. Troubled Scottish soccer club Rangers International says it gets approach from Phoenix Suns owner Robert Sarver. Ryanair flies high, after year of wooing back disgruntled passengers.