Stock markets in Europe and Asia continued a slide on disappointing economic news and worries about the strength of European banks.

A bad example is always infectious, and so is an unsuccessful move in politics. Unable to reach a victory in Libya, after the Kazan meeting France made an attempt to push Russia out of the Karabakh conflict regulation process. In his interview to the radio station “Ekho Moskvy” French Foreign Minister Alain Juppé said additional proposals would be made to Armenia and Azerbaijan for the settlement of Nagorno Karabakh conflict. “France welcomes the efforts of Russia and the Russian President towards resolving the conflict, but, unfortunately, the meeting in Kazan proved unproductive,” he said.