Obama‘s stark warning over U.S. debt crisis as FTSE tumbles amid fears of new global recession.
European markets plummeted yesterday as the ongoing U.S. debt crisis threatened to reignite another global financial crisis.
America is teetering on the brink of default, as the Republican-led House of Representatives and the Senate battle to reach an agreement on a financial plan.
Their ongoing stalemate worried investors and the Eurozone‘s economy, with the FTSE 100 index dropping by one per cent, wiping £15bilion off of the value of Britain’s most valuable economies.
more @ Mail Online
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