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Protests in Spain and Greece spark market sell-off amid fears efforts to save euro are doomed

Posted By yihan On September 26, 2012 @ 9:16 am In Featured Stories,Tile | Comments Disabled

TANYA JEFFERIES and DAILY MAIL REPORTER
ThisisMoney [1]
September 26, 2012

Financial markets have fallen sharply in reaction to political turmoil in Spain and a fresh strike in Greece against harsh economic conditions.

Police have clashed with protesters against spending cutbacks in Madrid, where the government is under increasing pressure to seek a bailout as its borrowing costs jump back to dangerously high levels.

Greece is also seeing its first major 24-hour strike since the election of a conservative-led coalition government earlier this year.

The FTSE 100 was down 93.4 points at 5,766.3 in mid-afternoon trading, while on the continent Germany’s DAX and France’s CAC 40 both saw 2 per cent wiped off their value. The Dow Jones in New York opened flat after heavy losses yesterday.

Full story here. [1]


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URLs in this post:

[1] ThisisMoney: http://www.thisismoney.co.uk/money/markets/article-2208818/Spain-protests-Greece-strike-prompt-market-sell-off.html

[2] Global sell-off shudders markets as euro plunges to 8-month low amid fears of debt default: http://www.prisonplanet.com/global-sell-off-shudders-markets-as-euro-plunges-to-8-month-low-amid-fears-of-debt-default.html

[3] Global stock markets tumble amid fears Europe is failing to take control of Greece ‘Ebola virus contagion’: http://www.prisonplanet.com/global-stock-markets-tumble-amid-fears-europe-is-failing-to-take-control-of-greece-ebola-virus-contagion.html

[4] European stocks and euro dive on Greece fears: http://www.prisonplanet.com/european-stocks-and-euro-dive-on-greece-fears.html

[5] Global Markets Tumble Amid Economic Fears: http://www.prisonplanet.com/global-markets-tumble-amid-economic-fears.html

[6] Greece in meltdown: Government on edge of collapse amid fears of coup as Europe teeters on the brink of financial disaster: http://www.prisonplanet.com/greece-in-meltdown-government-on-edge-of-collapse-amid-fears-of-coup-as-europe-teeters-on-the-brink-of-financial-disaster.html

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