The Times
"European and American stock markets plunged yesterday as investors took fright over the difficulties in debt-ridden countries such as Greece and Portugal and fears mounted over the health of the world’s biggest economy.There were concerns that Greece may not meet its tough budget plans as workers started the first in a wave of strikes, prompting worries that Spain, Portugal and the Irish Republic may also struggle to cut their soaring debts. In a sign of the scale of the problems, a gauge of the perceived credit risk of Western European nations overtook that of the most stable US companies for the first time. ...This came as the Monetary Policy Committee (MPC) of the Bank of England voted to call a halt to quantitative easing, saying it was expecting “gradual growth” in the UK economy. However, it gave warning that repairing the UK’s public finances would weigh on consumer spending. There were stinging losses on Spanish and Portuguese stock markets...."
No comments:
Post a Comment