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Global sell-off shudders markets as euro plunges to 8-month
low amid fears of debt default
Lucy Farndon and Heath Aston
UK
Daily Mail
Friday, February 5th, 2010
London's top stocks lost another one per cent today as worries
over US and European economic health sparked a sell-off for
the second session in a row.
The FTSE 100 Index dropped towards the 5000 mark - at levels
not seen since last November - after heavy falls on Asian stock
markets overnight.
European Central Bank president Jean-Claude Trichet sparked
the turbulence when he warned that eurozone countries other
than Greece needed 'strong reforms' to rein in their sharply
rising budget deficits.
Mr Trichet's unusually stern warning took investors by surprise
and they dumped euros on the foreign exchange markets.
The single currency was still below $1.38 against the US dollar,
this morning marking a eight-month low. The pound climbed against
the euro to 1.146
Full
article here
"When the people find they can vote themselves
money, that will herald the end of the republic."
- Fall Of The Republic - Buy
the DVD here
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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