The EUR weakness could be brief, as the European Central Bank (ECB) will be quick to react to calm the markets through the outright monetary transaction (OMT) or the emergency liquidity assistance (ELA) programs.

FORBES: Will Draghi's EURO Edict Measure Up?

Though American interest rates are now at their lowest level for the past 40 years, some economists have speculated that the Federal Reserve, America's central bank, would cut them still further to try to calm the markets and stabilise the economy.

ECONOMIST: Wobbling

Many want the European Central Bank to buy as many sovereign bonds as it takes to calm markets.

ECONOMIST: Charlemagne

"There is some semblance of calm returning, " says Duvvuri Subbarao, governor of the central bank.

BBC: Indian economy shows signs of slowdown

Protesters blocked roads across central and southern Croatia on Saturday, a day after the government appealed for calm.

CNN: Croatian war crimes protest

Home prices, and sales, in many cities declined after the central government implemented a series of tightening measures over the past two years to calm runaway prices.

WSJ: City of Beijing to Continue Property Curbs

For what seems to be the first time since the days following Sept. 11, 2001, the European Central Bank has felt compelled to supply extra cash to the Continental banking system to calm market fears.

FORBES: Magazine Article