Markets fall as euro fears remain

http://www.bbc.co.uk/news/business-15528949

European stock markets slumped about 3%, as the value of the big banks retraced much of the gains they had made since a new rescue deal was agreed by eurozone leaders last Wednesday.

The euro fell 1.5% against both the dollar and the pound.

Worry over the Italian government's ability to finance itself remains at the heart of the crisis, as Rome's cost of borrowing rose to new highs.