Government gambles on the end of austerity

Fear returned to stalk the world’s stock markets last week. Some €4 billion was wiped off the value of the Iseq.

19th October, 2014

Fear returned to stalk the world’s stock markets last week. Some €4 billion was wiped off the value of the Iseq. Other stock markets suffered also, with the Dow Jones Industrial Average down close to 3 per cent and the S&P 500 down a similar percentage.

Spooked international investors gave up on bullish bets, and rising concerns about the global economy triggered heavy selling across European equities and a “flash crash” in US...

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