Markets Continue Plunge as Eurozone Creaks and Ebola Fears Hit Travel and Mining Industries

Asian and European markets were splashed with red ink this morning after Wall Street fall yesterday. Germany is widely thought to be in recession, making the darkening the outlook for recovery for the rest of the Eurozone. France’s industrial figures are less bad than expected, but Italy’s are less good. European Central Bank governor Mario Draghi said at the Brookings Institution in Washington last night that the ECB was ready to take unconventional measures to combat deflation in the Eurozone and called on governments to play their part by implementing structural reforms. But the Germans don’t like some of those measures and it’s not clear governments are able to implement reform. TUI Travel is biggest faller in London on Ebola fears – while mining company Vedanta has to evacuate executives from Ebola-stricken Liberia. Berlusconi’s Fininvest told to sell stake in Italian insurance company Mediolanum.