Busted: Bankers and The Global Economy

July 24, 2008

Europe Uneasy about Market Collapse

Europe has been suffering from a loss of confidence while forecasting downright dismal news on the banking and economic front. Investors are buggy about the European stock market folding up as they watch the region’s pension funds and insurers uneasily. Stock indexes all over the world have fallen more than 20 percent from recent peaks, creating a bunker mentality.

The prospect of forced selling by European insurers prompted the last stock market collapse in 2003. Pension fund fears loom large, both in Europe and the U.S. However, Europe fears that the plight of EU pension funds could worsen the situation by (more…)

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