'Tension is very high, in part because the market has already raided three countries,' said Luca Cazzulani, deputy head of fixed-income strategy at Italy's Unicredit bank.

意大利联合信贷银行(Unicredit)固定收益策略部副主任卡祖拉尼(Luca Cazzulani)说，气氛非常紧张，一部分是因为市场已经袭击了三个国家。

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Marc Chandler, global head of currency strategy at Brown Brothers Harriman, said market watchers should keep an eye on the meeting next week between France and Germany to help calm markets.

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Hegarty, managing director and global head of market structure at Thomson Reuters, was previously responsible for strategy at DTCC and before that was an analyst at TowerGroup, so he has an unusually broad view of market direction.

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"The feeling is that the euro crisis could be back and that you could see full on contagion, that is why you're seeing the market reaction today, " said Shane Oliver, head of investment strategy and chief economist at AMP Capital in Sydney.

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