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Jean-Claude Trichet, the president of the European Central Bank, has said that he believes the European economy is suffering its worst crisis since the second World War.

The falling euro has surprised many analysts who thought the currency would rise in value after the European Union and IMF had agreed to provide Greece with a $146bn bailout to help solve its economic problems that were triggering the downfall of other Eurozone economies.

An economist told Al Jazeera that markets may be questioning the entire nature of the bailout, losing consumer confidence in the European currency.

Al Jazeera's Laurence Lee reports from London.

Source: Al Jazeera