Markets Turn South As Euro Train Wreck Continues At Full Speed

Flickr / Ruin RaiderThe Euro train wreck continues.

Just this morning we’ve got:

  • A horrible German Flash PMI number.
  • A horrible French Flash PMI number.
  • An announcement from the ECB that it will shut off emergency funding for Cypriot banks by Monday.

And the day’s really just started.

Markets are red.

Italy is down 0.6%. Germany is down 0.8%. France is off 1%.

For more on the Cypriot drop dead date, see here.

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