Tuesday, September 11, 2007

Crisis in the markets could be beneficial in the long term

The Spanish Stock Market has been affected by the poor employment data from the United States, which appears to have reactivated the feelings of a financial crisis.
The index ended last week below the 13,900 level, following other European bourses south. The Banking sector was hardest hit.
Falls have been continuing in trading today in what were mixed moves across Europe.
Meanwhile ex Federal Reserve chief, Alan Greenspan, has compared the current crisis to that seen in 1987 and 1998.
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