European Crisis: Affecting all the Global Markets badly

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The share market crisis doesn’t seem to come an end as even a slight positive or negative development at the international front shake the market badly.


In the last week, sensex of india rises around 7% (from 16780 to 17850). This happens because of the news of possible solution of the Greece crisis in the Europe. But in the current week’s 1st three days, it has lost almost all the gains of the last week and it has happened just because of the concerns of the European crisis as the Greek PM G. Papandreou demanded to hold a confidence vote followed by a referendum on the debt deal during the proceedings of the G20 summit.

 

It seems that these demands have surprised many leaders of the European countries. They believe that they want to take certain desired actions but not by force just taking them unanimously. They also feel the need to sort out the existing crisis condition in the Eurozone.


The present situation is spreading a sense of fear among the investors in the market and they become hesitative in investments which is not a good trend for the global market.


The way the existing condition of Europe is affecting all the international markets, it seems that they have to take some concrete steps and implement them effectively for the practical solution of the existing situation.


We should hope that in this G20 meeting, the representatives of various countries take this issue seriously and come out with some concrete solution.

 

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