Italy, Greece, Financials Crash As European Stocks, Peripheral Bonds Plunge
- Italy, Greece, Financials Crash As European Stocks, Peripheral Bonds Plunge
by Tyler Durden, www.zerohedge.com
Led by a broad-based collapse in financial stocks, European markets extended and accelerated their plunge today. Thanks to the increased systemic linkages enforced by The ECB, peripheral sovereign risk is spiking as their national banking systems crash. Every European nation is now in at least correction since the end of QE3. Europe crashed today… Led by utter carnage in financials…
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