Irish shares fall 4% as euro plummets

FEARS about the future of the euro yesterday led to the currency collapsing to its lowest level since the fall of Lehman Brothers, while Irish shares fell almost 4%.

In what was another turbulent day on world stock markets, the ISEQ closed down 3.7% to 3,101 points. AIB nose-dived almost 8% to €1.24, while Bank of Ireland was down close to 5% at €1.53.

Irish Life and Permanent fell 6.2% to €2.39.