Markets Are Falling, The Euro's Tumbling
Spain's IBEX is down 0.3%.Italy's FTSE MIB is down 1.3%.
All of this comes after a slew of GDP reports that showed France's economy halted, Italy's economy contracted, and Portugal's economy tanked. Meanwhile, Germany seems to be doing fine growing 0.8% in Q1. Altogether, the euro zone grew 0.2% in Q1, missing expectations for 0.4% growth.The weak data puts increasing pressure on the European Central Bank to act at its upcoming June monetary policy meeting.