Tuesday, May 18, 2010
Fears Intensify That Euro Crisis Could Snowball
May 16, 2010
After a brief respite following the announcement last week of a nearly $1 trillion bailout plan for Europe, fear in the financial markets is building again, this time over worries that the Continent’s biggest banks face strains that will hobble European economies
In a sign of the depth of the anxiety, the euro fell Friday to its lowest level since the depth of the financial crisis, as investors abandoned the currency as well as stocks in favor of gold and other assets seen as offering more safety.
Posted by Yulie Foka-Kavalieraki at 1:52 AM