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This editorial in The Guardian provides some insight into the behavior of the financial markets in Europe and the issues that are worrying investors. Bank stocks in the UK took a beating in the recent sell off. This reflects investor concern about the exposure of the UK banks to sovereign debt and to the weakness of the UK economy. The other concerns are that governments are running out of ammunition in which to put out the fires as the problems in the Euro Zone periphery are spreading to other nations that are at risk.