The fall of European market deeply impact the world economy

United States
May 20, 2010 8:51pm CST
Last check, the 401k and stock market just dropped another 200 some points. Due to the European market failure in the recent weeks. It all started with Greece; then Portugal, Ireland, Spain, so call the PIGS. Although the Europe central bank has 1 trillion Euro to bail them out, but it just won't bring back the confidence of those investors in the European market. This failure deeply impact the world, not only the U.S. market too. We just hope for the better tomorrow.
2 responses
@1anurag1 (3581)
• India
21 May 10
There is a simple reason that today as the countries are connected to each other , they have the impact on each other.. and when you are talking about Europe , means many countries are in range and it is very obvious there will be some impact over the whole world of any crisis.
@o0jopak0o (6408)
• Philippines
21 May 10
well, i think this the affect of the US crash expanding to other countries. Asian markets are starting to get affected too