On Monday European stocks fell, with the Stoxx Europe 600 Index extending losses into an eighth week, as the region’s governments failed to agree on a payment to spare Greece from default. Asian stocks and U.S. futures dropped.

Barclays Plc dropped 2.4 percent and Lloyds Banking Group Plc fell 3 percent as banks accounted for the largest losses on the Stoxx 600. BHP Billiton Ltd., the world’s biggest mining company, retreated 1.3 percent as metal prices slipped. Gamesa Corp Tecnologica SA dropped 3.4 percent after ING Groep NV recommended selling the shares.

On the eve of a confidence vote that may bring down Papandreou’s government, euro-area finance ministers pushed Greece to pass laws to cut the deficit and sell state assets. The ministers left open whether the Mediterranean nation will get the full 12 billion euros promised for July as part of last year’s 110 billion-euro lifeline.

Oil declined for a second day in New York on speculation that the slowing global economy and Greece’s debt crisis will lead to lower fuel demand.

Across Europe, Britain’s FTSE 100 Germany’s DAX and France’s CAC40 fell between 0.7 and 1.1 percent. Italy’s benchmark fell 2.5 percent.

Asian stocks fell, extending a seventh straight weekly decline, as oil traded at a four-month low after European governments failed to agree a loan payout to spare Greece from default. Japanese nuclear-power generators advanced.

Japanese stocks rose from a three- month low as power companies climbed on signs the government may allow atomic reactors to be restarted following the worst nuclear accident in 25 years. Mazda Motor Corp. jumped 2.1 percent after the automaker said it will return to profit this year and Citigroup Inc. raised its rating to “hold,” citing a recovery in production after Japan’s March earthquake.