Home > Global news > European Markets Plunge on Economic Crisis

European Markets Plunge on Economic Crisis

Wednesday, 10 August 2011 05:00

‘Markets in Europe plummeted to a two-year low on Tuesday, with London’s FTSE as well as Frankfurt’s DAX indexes diving by more five percent each, while the Paris Bourse declined more than three percent, Reuters reported. Other European indexes witnessed an almost similar plunge.

Investors have voiced widespread skepticism on whether policymakers can stop the downward spiral after the Standard & Poor’s (S&P) credit ratings agency downgraded the US’s rating from AAA to AA+ on Friday.’

Read more: European Markets Plunge on Economic Crisis

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