Concern about the US economy and debt problems in Europe lead to large falls in many stock markets, while oil prices also drop.

-Stock markets in the United States and Europe fell - the U.S. it's worst in 9 months, and the overall European by 2%, Spain and Portugal by 5%.
-Analysts believe this to be a reaction to the sharp drop in crude oil prices (almost $4 a barrel).
-Anaylasist lost hope for a recovery in Greece and Portugal without a bailout because the public is not interested in buying their goverment's bonds.