Europe’s banks yesterday made a desperate appeal for the European Central Bank to buy the bonds of crisis hit eurozone members, as a fresh day of turmoil in markets battered share prices around the globe.
Fears that a debt default could paralyse the world’s financial system – just as the collapse of Lehman Brothers did two years ago – sparked another wave of heavy selling in Asian, European and US stock markets.
The FTSE 100 in London finished the week at a three-month low.
Financial Times 08/05/10 page 1
