Anxiety sweeps through the stock markets

Growing Apprehension over the huge sovereign debts of the eurozone is continuing to impact the financial markets. After three relatively good weeks in October, the next month saw sharp falls Fortunately for investors, the weekly decreases were not as big as those registered in July or August, for example. Still, the mood remained sombre, although the reason for this has changed. Greece continued to be the centre of attention. An agreement was reached at the end of October - Greece's debt is to be reduced by EUR 100 bln to EUR 250 bln while the owners of the securities of the Greek government (mainly banks) will have to take losses of around 50 pct on these assets. The long awaited deal gave the global stock exchanges a short breather. The only problem being that the agreement is extremely difficult to implement and so investors started to get the jitters as the next act of the Greek tragedy began to unfold in November. The suggestion of holding a Greek referendum over the necessary re