الرئيسية
Crisis clouds darkened over the debt-ridden eurozone on Monday after
last week's EU summit deal afforded only a brief respite from the
markets and leaders warned of a two-speed Europe.
Ratings agency
Moody's was first to turn the screw. It declared the crisis talks had
failed to produce "decisive policy measures" and threatened to review
the credit ratings of all EU states within the next three months.
Meanwhile,
Italy edged through a bond test, but still had to pay an exceptionally
high rate to borrow fresh money for only 12 months.
Traders were
watching nervously as Italy's commitment to austerity measures was
tested by a nationwide strike, and EU and IMF auditors began talks in
Greece on the implementation of its debt bailout.
Asian markets
had nudged upwards on hopes that the deal would draw a line under the
crisis but Europe opened down as concerns returned.
Shortly after
lunch London's FTSE 100 index was down 0.46 percent, Frankfurt's DAX 30
lost 1.46 percent and in Paris the CAC 40 shed 1.05 percent.
last week's EU summit deal afforded only a brief respite from the
markets and leaders warned of a two-speed Europe.
Ratings agency
Moody's was first to turn the screw. It declared the crisis talks had
failed to produce "decisive policy measures" and threatened to review
the credit ratings of all EU states within the next three months.
Meanwhile,
Italy edged through a bond test, but still had to pay an exceptionally
high rate to borrow fresh money for only 12 months.
Traders were
watching nervously as Italy's commitment to austerity measures was
tested by a nationwide strike, and EU and IMF auditors began talks in
Greece on the implementation of its debt bailout.
Asian markets
had nudged upwards on hopes that the deal would draw a line under the
crisis but Europe opened down as concerns returned.
Shortly after
lunch London's FTSE 100 index was down 0.46 percent, Frankfurt's DAX 30
lost 1.46 percent and in Paris the CAC 40 shed 1.05 percent.