European markets plunge | Bangkok Post: breakingnews

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European markets plunge

Stocks and the euro plunged on Thursday amid warnings about growth and overstrained European banks exposed to the Greek-eurozone debt crisis, and after a US boost to the economy fell flat.

he US Federal Reserve failed to restore confidence with a $400 billion boost to the US economy, but top financial bodies urged the European Union to get on top of its debt crisis and recapitalise its banks.

The Fed followed the IMF in warning that the economic outlook is turning down.

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Writer: AFP News agency
Position: Agence France-Presse

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