The euro, which started diving early in the Asia section, continues to slide.
The first contributor to the euro’s was obviously the big day for the anti-bailout True Finns.
Now Moody’s is downgrading all of Ireland’s bank to junk.
Also, there have been several rumours this morning that Greece is about to do a debt restructuring, something the government officially denies. Greek 10-year yields are nearing 14%!
In addition to the selloff in the euro, European equity markets are down across the board.
Update: Now Spain just had a bad short-term debt auction.