FTSE index drops almost 2% amid EU debt worries

Europe’s sovereign debt crisis refused to loosen its grip on world markets today as commodity stocks led a fresh plunge for the FTSE 100 Index.

FTSE index drops almost 2% amid EU debt worries
Mon, 29 Nov, 2010 - 16:10

Europe’s sovereign debt crisis refused to loosen its grip on world markets today as commodity stocks led a fresh plunge for the FTSE 100 Index.

Despite the finalisation of Ireland’s £72bn (€85bn) rescue package at the weekend, investors remained worried about the economies of Portugal and Spain and the potential for further bailouts.

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