Shares tumble on fresh Moody's warning

Germany's Dax index lost 3.36% while the French Cac declined 2.61%. In America, the Dow Jones fell sharply, losing 1.3%, while London's FTSE closed 1.83% lower on Monday. At one point yesterday, the Dow was down 243 points but recovered slightly in late trading. Ratings agency Moody's said that last week's EU summit offered "few new measures" to deal with the debt crisis in the eurozone. "The absence of measures to stabilise the credit markets over the short term means that the euro area, and the wider EU, remain prone to further shocks and the cohesion of the euro area under conti...