Markets Turn South As Euro Train Wreck Continues At Full Speed

Flickr / Ruin Raider

The Euro train wreck continues.

Just this morning we've got:

• A horrible German Flash PMI number.
• A horrible French Flash PMI number.
• An announcement from the ECB that it will shut off emergency funding for Cypriot banks by Monday.

And the day's really just started.

Markets are red.

Italy is down 0.6%. Germany is down 0.8%. France is off 1%.

For more on the Cypriot drop dead date, see here.