European equities markets saw their biggest losses in five years On Thursday.
The FTSE Eurofirst 300 dropped 2.62 percent to 1,530.56.
Among continental markets, the Dax was 2.39 percent lower to 7,508.96, while the IBEX was down 2.66 percent to 14,540.4 in Madrid and the Paris CAC-40 fell 2.78 percent to 5,675.05.
There were no winners reported on the CAC-40, while the best performance on the Dax came from electricity and natural gas utility RWE (FWB: RWE) only amounted to a gain of 1.49 percent to €79.52.
Elsewhere on the Dax, rival utility Eon (FWB: EOA; LSE: EON; NYSE: EON) was 0.38 percent higher to €117.26.
The chemicals sector was also a bit higher in Frankfurt as BASF (FWB: BFA; NYSE: BF) added 0.26 percent to €95.07 and Altana (FWB: ALT; NYSE: AAA) gained 0.7 percent to €17.35.
Car and truck makers were lower on the session.
BMW (FWB: BMW) was 2.62 percent lower to €36.73 and truck manufacturer Man (FWB: EDF1) fell 2.74 percent to €103.43, while Peugeot (Euronext: UG; OTC: PEUGY) was down 4.28 percent to €59.06 and Renault (Eurofirst: RNO) dropped 4.83 percent to €102.88.
The worst performer on the CAC-40 was tire maker Michelin (Euronext: ML), which fell 6.07 percent to €93.56.
Other decliners included hotels operator Accor (Euronext: AC), which was 4.75 percent lower to €62.95.
Construction group Vinci (Euronext: DG) was down 4.93 percent to €52.60, while drinks maker Pernod-Ricard (Euronext: RI) dropped 5.18 percent to €152.59.