If the euro fails, then Europe fails. If we do not avert this danger, then the consequences are incalculable.’
World markets fell sharply once again today amid fears over the European debt crisis – and the lack of political co-operation to contain it.
The worries left most of the world’s leading indexes now trading below where they started 2010.
The VIX index, which charts the volatility of the U.S. equities markets, is showing levels of volatility not seen since periods of the 2008/2009 crash.
They are currently on par with the instability seen in the markets after the terror attacks of September 11, 2001.
Volatile euro drives markets down as China demands international response | Mail Online.