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Thousands of supporters wave flags Communist Party during the rally of protest at the Centre of Athens on 15 November against the visit of the IMF-EU troika in Athens and new package austrity expected.?Photo: AFP

Shock caught off-guard markets and increased fear Europe debt crisis can be climbing, with deep confusion about the Dublin Irish crisis continues to resist EU pressures to seek its own rescue.

Olli Rehn, European Commissioner in charge of economic sciences, said turning dangerous escalation of rhetoric in Europe. "I want to call on each resist the centrifugal tendencies for European and existential alarmism."

Swirling rumors hit the eurozone markets bond, while tumbling around in the FTSE 100 monde.Le Awards fell from 2 4pc 5681.9 and Dow Jones index has fallen more than 200 points in the trade at the beginning. The euro slipped two cents to $1.3460 against the dollar as the u.s. dollar regained its safe-haven status.

The Austrian Minister of finance Josef Proll said it was "highly critical" of the Greece performance, saying in Athens did not meet the objectives of tax revenue agreed in the framework of the memorandum of the European Union.

Credit default swaps on Greek debt climbed 97 basis points to 950 investors woke the possibility of terrible that the EU could turn its back on Athens, which will take place in mid-January without loan money.A Greek default trigger $300bn (￡ 188bn) value of the CDS contracts.

An IMF - EU inspectors "troika" is currently Greece, but has not indicated whether the next tranche of. 5bn (￡ 5. 5bn) €6 will be German approuvée.Influence is crucial, but Greek first George Papandreou courted fate Monday when he accused the Chancellor Angela Merkel, the conduct of economic and Monetary Union lower bankrupt by scaring investors to speak of "haircuts".

Wolfgang Schauble Finance Minister expressed deep irritation. "Greece enjoys a lot of European solidarity and the Germany."But solidarity is not a one-way street: no one should never forget that, "he said."

Dublin, Prime Minister Brian Cowen said Ireland was not at all requests for external support"and is entirely funded by until June.Insurance did little to reduce the silence reports that the Ireland is in talks with the European and the international monetary Fund for a package 80bn loan authorities € to raise €.

Finance Minister Brian Lenihan refused to comment prior to meet with counterparts in the euro area yesterday soir.Dublin hopes a formula dress of any program as a move to recapitalise the banks and to stabilise the economic and Monetary Union, rather than the Ireland rescue bond markets.

Political chemistry is volatile, because the Ireland is pushed in a pre-trial order to ensure that contagion reached the Portugal bailout and Spain .Citigroup said it was "far from clear" If a refloating Irish would actually raise the pressure of others because they share the same problem debt excès.Les markets can change simply concentrate on the next country.

Ian Stannard of BNP Paribas said that emergency fund of €440bn EU was never designed to be used. "The very existence of the Fund was to suffice, but not arrived .c ' is only a matter of time before the Spanish economy slides into recession, and it is when projectors will be transformed into Spain, ", he said.

A Spanish auction sale of debt in 12 months on Tuesday saw the rate of 2. 36pc, compared to 1. 84pc in October, even if the markets think Irish bailout is an "agreement '.Analystes say Portugal and the Spain should be careful what they wish to."

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