The Dublin stock exchange has had a disappointing morning with shares down over 60 points by 10.45am.
The ISEQ stands at 6,427 after a drop of 61.18 points, with the financials contributing most top the slump.
AIB had the biggest fall in the sector of 34c to €13.60, with Anglo Irish Bank stumbling 22c to €9.28 and Iriah Life and Permanent down 11c to €11.25. Bank of Ireland had a 23c decrease to €8.97.
Construction firm Greencore slipped 20c to €3.65 while food company IAWS dipped 19c to €16.51 with rival Kerry Group recording a 34c increase to €19.74. Drinks firm C&C fell 12c to €5.26 and pharmaceutical giant Elan experienced a 18c fall to €17.59.
The biggest riser of the day so far is insurance giant FBD Holdings who stand at €25.98 after a 38c rise.