World Market Tumbles amid Contagion Fears in Europe

5 May 2010 5 May 2010

BonTrade

Contagion fears reemerged despite confirmation of the EU-IMF deal to Greece over the weekend. While European leaders had hoped the huge amount of the rescue package (110B euro over 3 years) should eased market worries over sovereign crisis in the 16-nation region, investors were obviously unconvinced that the problem would be resolved.