Politicians react slowly to Europe's economic crisis

European markets plummeted once more, reflecting the nerves and jitters of traders as they wait for more decisive political reaction to the possibility of recession on both sides of the Atlantic.

The latest hitch: three euro zone countries indicated they were likely to seek collateral in exchange for their international bailout loan to Greece. Finland already has such a bargain with Athens. Now Austria, the Netherlands and Slovakia want the same treatment.

It threatens the entire bail out deal.

Al Jazeera's Tim Friend reports.