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WORLD MARKETS PLUNGE
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Snuffysmith
Crisis in Europe
European shares plunge 7% A lack of coordination by European Union officials, including German chancellor Merkel (above), puts pressure on European equities with pan-Europe Stoxx 600 tumbling.
• EU officials add fuelto the fire
• David Marsh on Europe's disunity
• Schadenfreude unwarranted (First Take)
Snuffysmith
More banks rescued
Europe's banking crisis escalates as governments take action.
• Germany guarantees deposits
• Depfa arm proves costly for Hypo
• Worst-case scenario looms (Times Online)
• Fortis worth more than Wachovia (First Take)

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