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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.’

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