Happy Labor Day!
Here's a quick look at the equity markets.
Italy -5.3%.
Germany -5.5%.
France -4.9%.
Athens -3.1%. That index is now down about 50% since March.
Greek 2-year yields blew past 50% for the first time.
Meanwhile, banks are getting destroyed.
Deutsche Bank is off over 8%.
Credit Suisse is down 8.8%.
Italy's UniCredit is off 7.4%.
And the major US equity indices, fresh off their ~2.5% losses on Friday are down another 2.5% or so today.
Drink up!
Read more:
http://www.businessinsider.com/european ... z1X5mY1dgN