Value of world stock down sharply

Value of shares after the world anjlok government efforts to rescue the bank in the United States and Europe failed to muffle melambatnya global economy.

The main British stock index in London down 6.5% while shares of France Sac-40 down 7%, and Dow Jones down below the 10 thousand for the first time since 2003.

Previous shares in Asia also anjlok.

Nikkei index in Tokyo fell in the lowest level in more than four years, down more than four percent.

Stock index also declined in Seoul, South Korea. Value of shares in Hong Kong, Shanghai and Sydney down more than three percent.

Currency values are also vulnerable, and the large decline in the currency of the euro, the currency of South Korea, and won the Australian dollar against the Japanese currency, yen.

Decrease in the value of shares in Asia occur subsequent delay decision rescue package in the United States.

Previously, the German Chancellor, Angela Merkel of Germany announced guarantee all savings for customers, while one bank of difficulties to survive.

Angela Merkel said the government works continuously to remove the new rescue package for Hypo Real Estate.

The scale of the problem is so big now that Merkel pledged that all savings customers are guaranteed safe.

As a step to calm the community, he said customers need not worry with weeks.

Sunday afternoon, the German government hold an emergency meeting in Berlin after a consortium of banks providing credit to attract Hypo Real Estate.

BBC journalist in Germany, Tristana Moore, reported the initial rescue package of £ 27 billion is clearly not enough to overcome existing problems.

In the event a press conference, the German Chancellor said the government is determined to save Hypo Real Estate to restore stability in the German banking system.

"Today the German federal government announced that the government will not let the issue cause a instituasi financial problems for the entire financial system and therefore we work hard to support Hypo Real Estate," said Merkel.

Hypo Real Estate company is the second largest housing loans in Germany.

Before last week, many residents did not hear the German name.

However, with the balance around £ 310 billion, the company is a major player in the credit market properties.