European, Asian Markets Plunge as Recession Fears Spread Worldwide

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Democracy Now!

Oct 8, 2008

European, Asian Markets Plunge as Recession Fears Spread Worldwide

As stock indexes plunge across Europe and Asia, Britain unveiled plans today to inject up to 50 billion pounds—close to $90 billion—into its biggest retail banks. Recent efforts to bolster world credit markets have failed to stem fears that the spreading financial crisis could lead to a global recession. We go to Rome to speak to economist Loretta Napoleoni, author of Rogue Economics: Capitalism’s New Reality. [includes rush transcript]

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2 thoughts on “European, Asian Markets Plunge as Recession Fears Spread Worldwide

  1. Pingback: Loretta Napoleoni: The intricate economics of terrorism « Dandelion Salad

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