Monday, September 5, 2011

Market slide continues as euro debt fears resurface

Stock markets have continued the slide they began late last week as fears over Italian and Spanish debts have reasserted themselves.

European markets dropped 5% in Monday trading, led by more big falls in bank shares.

Market borrowing costs for Italy and Spain have begun to creep up again, despite the European Central Bank's decision to buy up their debts.

It also emerged that European banks may have been shifting cash to the US. more