European indices declined after the government's candidate, Savros Dimas, fell short of the 180 vote majority in the third of three votes. Now a general election has to be called and will be held in late January or early February. Elections could bring the anti-austerity party Syriza to power and threaten Greece's bailout and fuel concerns over the fate of the Eurozone and the timeline of ECB's plans for economic stimulus.

In today's session the FTSE 100 index shed early gains adding +0.05% quoted at 6,613.22 points, being the only of the three major European indices still positive supported by rising gold mining stocks. France's CAC 40 lost -0.52% trading at 4,273.43. Germany's DAX 30 is currently trading -0.86% at 9,836.76 points.