European stock markets have been posting significant losses this Monday.
Frankfurt's DAX index of leading shares is down by almost five percent. The biggest losers have been the major banks. In London, the FTSE 100 is down by more than four percent, as is the CAC 40 in Paris. The European markets have been following a trend that started with heavy EU Parliament Raises Bar for Extremist Parties ...
EU to include aviation in "Emission Trading Scheme" ... losses in Asia. The European common currency, the euro, has slipped to its lowest value in 13 months at just under $1.35. Oil has fallen to below $90 per barrel. This comes despite Friday's $700 billion bailout of financial institutions in the US and European efforts over the weekend to shore up troubled banks.
(Deutsche Welle)
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