Reply #9: Greece crisis: Euro markets hit again

[dipsydoodle]

European markets have continued to fall heavily amid speculation over the future of the Greek economy.

Stocks in both Paris and Frankfurt were down by more than 2% on Wednesday morning, following the downgrading of Greece's debt to "junk" status.

Spain's leading index is down 3.3%, while in Portugal, which has also suffered a downgrade, shares fell 4%.

Meanwhile the euro fell to a fresh one-year low against the dollar as investors fear a spreading crisis.

http://news.bbc.co.uk/1/hi/business/8648029.stm