(ANSA) - MILAN, DECEMBER 15 - The European stock exchanges are slumping, frightened by the tough hand shown today by the ECB in the fight against inflation, which goes hand in hand with what was stated yesterday by the Fed, according to which the way forward to tame the price race is still long.
Faced with the prospect of new rate hikes of 50 basis points, in addition to the one decided today, and with the start of the reduction of Frankfurt's budget at a rate of 15 billion a month, the stock markets of the Old Continent collapsed: Frankfurt lost 3.28% at 13,986 points, Paris 3.09% at 6,522 points, while London contained the declines by 0.93%, at 7,426 points.
(HANDLE).