Hardest Hit Europe ETFs From The First Half Of 2010

Just when many investors thought that the world economy was finally back on track, European debt markets were rocked by a crisis of confidence that sparked fresh concerns of a double dip recession and prolonged period of economic contraction. The sovereign debt crisis began earlier this year in Greece, but in recent months has been threatening to spread to much larger economies across Europe, including Italy and Spain. These countries, along with Portugal and Ireland, have seen sharp increases in unemployment and a push towards austerity as a way to combat rising concerns over high budget deficits. While it appears that most economies will scrape through this crisis without resorting to default, the increase in anxiety has sent markets tumbling nonetheless. The worst damage has been done closest to the eye of the storm; almost all of the ETFs in the Europe Equities ETFdb Category are down on the year, [...] Click here to read the original article on ETFdb.com. Related Stories: Europe ETFs Plunge On Debt Downgrades Europe ETFs: All Over The Board Inside The Europe ETF That Hasn’t Plummeted