German Stocks Fall Sharply Panic Hits Global Markets

Markets around the world continued to tumble on Friday, responding to concerns of a double-dip recession in the United States and fears that the European debt crisis could worsen. The European Central Bank has begun purchasing government bonds again, and the European Commission is calling for an expansion of the euro rescue fund.
A television journalist in Australia observes tumbling market data.

A television journalist in Australia observes tumbling market data.

Foto: TIM WIMBORNE/ REUTERS
dsl -- with wires