FT.com: Government action fails to halt global sell-off


Today, the FT reports:

London’s FTSE 100 fell 5.6 per cent, or 281 points, to 4,699.6. The renewed fall took the benchmark index 100 under its closing low point for the year and beneath the 4,700-point mark for the first time since 2004. Germany’s Xetra Dax 30 was 5.5 per cent weaker at 5,477.6 and the CAC 40 in Paris tumbled 6 per cent to 3,835.5. Overall, the FTSE Eurofirst 300 surrendered 5.3 per cent to 1,031.6, a loss of 58 points

What a mess. What a set of choices politicians now face.

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