Eurozone concerns cause equity sell off

The Dutch coalition Goverment has walked out over the practicality of implementing the European Union's drive towards greater European economic unity, regularly audited, driven by the French and German heads. This coming at a time when President Sarkozy is fighting for his Presidential life at the French elections and should he lose, the strong Franco German relationship will come under pressure and may never reach the same level again.

This has caused renewed nervousness about the state of the European Union and a global sell off of equities Monday, as investors run for cover. Most European stock markets gave up around 2%, with the Footise down just under this sum.

The rate at which Spain can borrow fund in the markets rose above 6%, not a good sign for a country with a huge debt pile to finance and in poor economic shape.