Friday, May 07, 2010
Merkel warns of threat to EU as Dow sees biggest one-day fall since 1987, before recovering
Investment and Business News: Markets hang further than parliament
Fears over Greek contagion spread to the other side of the pond yesterday as markets, indifferent to the UK election, saw their nerves stretched to the limit. The Dow saw a quite extraordinary day of volatility, Angela Merkel made the most passionate speech of her career as she warned the EU itself is under threat, and a credit ratings agency warned that Greek contagion could spread to the UK banks. Meanwhile, as the economic empire burned, the ECB president played with his fiddle.
Posted by mike @ 11:24 AM (323 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
And now the election is over, seems everyone is turning their attention to how "Greek" we're looking here. Question Time was full of strong and dire warnings.