Near the lower European stocks

London - European markets stock closed sharply lower Monday, hit by signs of slowing growth, particularly in the world engine, China and fears that the Greek debt problems is to raise a new crisis in the euro area.

Dealers, has declared globally, investors were on the defensive, with products under pressure after months of earnings supported: economy cools China and the United States and European growth is modest at best.

They said concerns that another volcanic eruption of the Iceland could disrupt air traffic after the disastrous ash cloud of last year sank the airlines as giant low-cost Ryanair has warned of hard times ahead.

A combination of weak data of EU and downgrading of credit rating Friday for the Greece Fitch has fueled the Athens can stabilize its public finances to a debt restructuring be seen as a step into the unknown for the eurozone set of doubts.

Decommissioning of Standard & Poor of ratings outlook Italy for "Negative" from "Stable" weekend and Basinger of the Spanish Government in local elections, added to the uncertainties to investors nervous.

In London, the FTSE 100 index leading shares closed 1.89% to 5,835.89 points. In Frankfurt, the DAX fell by 2.0% to 7,121.52 points and in Paris, the CAC 40 lost to 2.10% to 3,906.98 points.

Other European markets suffered similar stiff losses with Milan strike the worst after the S & P moved, losing more than 3.0%.

Banks have been affected as economic prospects dimmed with Barclays in London 1.96 percent and new lender specialist markets Standard Chartered off 2.22%.

Airlines suffered the fallout from the Icelandic volcanic eruption, with AIG, owner of British Airways and Iberia, down 5.09% while Ryanair dropped 5.72% as its warning prospects offset strong results.

In Paris, Frederic Aubel, dealer in Global Equities, said investors were future research at the top of the Group of eight more later this week in France, eager to see "solutions for the euro area the situation is getting worse."

Aubel city of developments in Greece, Italy and Spain as worrying, with the euro under pressure against the dollar.

"The European Union must lead to a durable solution," Aubel said, stressing the need to curb speculation on Greek debt restructuring, which would help to reassure investors.

In New York, stocks were also sharply. The blue chip Dow Jones Industrial Average was off the coast of 1.33% at 1600 GMT autour while the tech-heavy Nasdaq Composite fell from 1.74.

"" Averages major stock markets around the world have fallen... in response to a lot of negative headlines, "said Patrick O'Hare at Briefing.com."

"Manufacturing surveys...". China and the euro zone showed a slowdown in the activity of the company... Standard & Poor Cup prospects of rating of debt to Italy... and the Socialist Party of the Spain got overwhelmed in the local elections, raising concerns newly elected might discover an image of debt worse that had been disclosed"he says.

Given the constraints of the current euro zone debt, the possibility that the Spain and the Italy could be in serious difficulty is a daunting prospect, reviving fears that the single currency may be at risk, dealers said.

In Asian trade earlier Monday, Tokyo hangar 1.52%, Hong Kong has dropped from 2.11% and Shanghai was off the coast of 2.93%, while that Sydney lost 1.88%.