Global Stocks Keep Sliding Amid EU Debt Crisis

"The danger is that the fear becomes self-fulfilling and disrupts the real economy and derails what's been a stronger than expected global economic recovery," said David Cohen, an economist with Action Economics in Singapore.

"The 2008 crisis in the U.S. showed how damaging it can be when investors become so fearful of counterparty risk, they simply flee to the safety of Treasurys," he said.

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"Investors fear debt problems in countries like Greece and Portugal will spill over to other countries in Europe. That could then trigger a cascade of losses for big banks and in turn halt economic recovery in the U.S. and elsewhere."
- Global Stocks Keep Sliding Amid EU Debt Crisis - CBS News (在「Google 網頁註解」中檢視)