Europe might follow Asia

It is quite natural  to think that Europe would follow Asia in market falls. On lines expected in these columns, the Indonesian Rupiah has slid to worrying levels. The South East Asian currencies cannot be far behind. Claims of decoupling do not seem to stand the test in a convergent world. So none can claim to be 'nternaluzed'.

Greek political uncertainty adds to the woes.  So it looks that there is nothing for the moment to lift up assets in Europe.