‘What was their crime?’ Families tell of shock over IDF killing of Gaza
paramedics
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Relatives who waited agonising week before bodies were found speak of
passion that drove Red Crescent workers
• Our aid workers were brutally killed and ...
1 hour ago
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Markets fear that a chaotic default by either Greece or Italy would lead to huge losses for European banks. That, in turn, could cause a global lending freeze that might escalate into another credit crisis similar to the one in 2008 after Lehman Brothers fell.
ReplyDeleteSome analysts fear that the euro itself could fall, which would lead to inflation and a breakdown in free trade agreements in the European Union.
European markets also fell sharply. Italy's benchmark index plunged 3.8 percent. Germany's DAX and France's CAC-40 each lost 2.2 percent.
The prices of assets seen as safe havens rose sharply. The dollar jumped 2 percent vs. the euro.