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Canary Wharf in London, where humbled Lehman Brothers staff packed up on Monday (Photo: Wikipedia)

US bank crisis smashes hole in European markets

The US banking crisis wiped billions off the value of European stock markets on Monday (15 September), with the European Central Bank and EU institutions trying to calm nerves as traders fear more bad news.

Among Europe's largest trading floors, the FTSE exchange in London and Euronext 100 in Paris lost around €81 billion each in value while the DAX trading floor in Frankfurt lost €27 billion.

Shares in Spain, Italy, the Netherlands, Austria, Greece, Poland, Romania, the Czech rep...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Canary Wharf in London, where humbled Lehman Brothers staff packed up on Monday (Photo: Wikipedia)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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