InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

European Stock Indexes Slide Deep Into The Red


All of the leading European stock indexes have been declining since the opening bell rang at the New York Stock Exchange. Fear is starting to spread in the market as many investors are expecting some European countries to need another bailout. The Institute for International Finance warned that a disorderly default by Greece would likely force Italy and Spain to seek financial aid. Portugal and Ireland have also been rumored to need a second bailout and everyone is now wondering where this new money is going to come from. The European Central Bank (ECB) has already loaned out over $1 trillion to European banks via its Long Term Refinancing Operation (LTRO). ...Continue reading here: http://bit.ly/wu9V0W