Investors nervous about European debt
Europe’s major stock exchange indexes lost ground on Monday morning. Investors appear to be honing in on the EU’s debt crisis again, now that Portugal is under pressure to ask Brussels for a bailout.
Amsterdam’s AEX index dropped 0.6 percent within the first 45 minutes of trading, while the MidKap index fell 0.3 percent. The exchanges in Paris, Frankfurt and London saw losses of up to 1.2 percent. Both Germany and France are reported to be putting pressure on Portugal to follow Greece and Ireland in calling on an EU financial bailout. However, Portuguese Prime Minister José Sócrates has dismissed the reports as speculation. Dutch stocks expert Danny Geerken says traders are nervous about Belgium and Spain as well as about Portugal.
© Radio Netherlands Worldwide