European markets tremble at confluence of economic worries
http://dervishcom.blogspot.com/2011/09/european-markets-tremble-at-confluence.html
DUBLIN — European stock markets tumbled Monday on warnings of a broad crisis developing in the region's financial sector and intensifying doubt about the ability of euro-area politicians to effectively respond.
Major indexes such as Germany's DAX and the Stoxx 50 of blue-chip companies were down more than 5 percent for the day. Confidence in the health of the region's banks is falling, economic growth is slowing and governments are so hamstrung with debt they will have little room to respond with new stimulus or other programs.
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Source: http://feeds.washingtonpost.com/click.phdo?i=2f1b146189f1761b0cd8316a8e1dfef8
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