Markets Are Falling, The Euro's Tumbling

Britain's FTSE 100 is down 0.1%.

France's CAC 40 is down 0.3%.

Germany's DAX is down 0.2%.

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.