From Spain and Greece have "BUST", the market on the debt crisis in Europe or further deterioration of the concerns about a comeback. The weekend news that Spain, local governments will be forced to seek assistance from the central government, causing investors to worry about the country's ability to avoid seeking comprehensive assistance doom. At the same time, the German government is not prepared to Greece beyond the commitments of financial assistance, and discussion of the Greek out of the euro have taken advantage of warming. One-week banking and insurance stocks short selling ban was introduced in Italy, Spain also announced a ban on short selling financial stocks, the ban will be implemented for three months.
 
Asia-Pacific and European morning trading, commodity market and the euro assets in step down, dragged down by fears of the European debt situation.
 
Spain and Greece deteriorated
 
Overseas media reported last weekend, the Murcia region of Spain said it would seek financial assistance to the Government, while the other six regions are also ready to step Valencia's footsteps, last Friday, the Valencia region to the government for help.
 
In addition, data released by the Bank of Spain on the 23rd, by the sharp drop in domestic demand and the volatility of financial markets affect the second quarter of the Spanish economy continued to decline. Spain's central bank said in its monthly economic report, the chain of the second quarter of Spanish gross domestic product (GDP) shrink by 0.4 percent, an atrophy of one percent. Bank of Spain is expected this year the country's economy will shrink by 1.5%.
 
In addition to Spain, Greece, Urgent. German Economics Minister Philip, Naples loehr, 22 Greece remain in the euro area skeptical. He claimed that Greece's exit from the euro is no longer a terrible thing. Samaras, Greek Prime Minister last Sunday said that Greece is in a similar to the U.S. in the 1930s "Great Depression" of the situation, Greece wants to relax the 130 billion euros of assistance in terms of the agreement, in order to reduce the impact of the country's economic austerity policies.
Of money into safe-haven assets.
 
Dragged down by fears of debt crisis, the funds have been pouring into the safe-haven assets. 23, the German government bond futures prices near record highs, Spain ten-year bond yields touched the record high of above 7.5%. The Spanish five-year credit default swaps (CDS) after hitting a record high of 630 basis points, according to data provider Markit data.
 
The same weakness in the euro, the plate on the 23rd, the British pound against the euro climbed to more than three and a half high, and touched its lowest level in more than 11 years and a half euro against the yen, the euro against the U.S. dollar hit a low of 1.2093 on the EBS platform, more than two years fell to 1.2100 for the first time below.
"The euro is down, those high-risk assets rebounded in the past week or so this week or some will fall," said Royal Bank of Scotland strategist Gregg Gibbs.
 
Global financial market crash
 
By the hidden impact of the debt crisis in Europe, Asian stock markets on the 23rd Pudie, the Nikkei Index fell 1.86 percent, Hong Kong's Hang Seng index fell 2.99 percent, the biggest decline for the last two months.
 
Beijing time 23 18 40, Britain, Germany and the French stock market fell more than 1%. Spain and Italy, the stock market plunged over 4%, Greece ASE general index fell as much as 7.4 percent. New York crude oil futures price reported was $ 89.10 a barrel, down 2.97 percent, commodity futures prices in New York reported $ 1,570.10 an ounce, down 0.80 percent.
 
However, the same time, EU officials said the belief that Greece can get loans Next, the euro against the U.S. dollar at $ 1.2123 compared with the previous decline with a slight rebound, was up 0.04 percent.



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