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MARKETS-GLOBAL/WIPEOFF
RTR2PU5J 
August 11, 2011 
People beg on the entrance of a church in central Lisbon August 11, 2011. Some $4 trillion has been wiped... 
Lisbon, Portugal 
People beg on the entrance of a church in Lisbon's downtown 
People beg on the entrance of a church in central Lisbon August 11, 2011. Some $4 trillion has been wiped off the value of world stocks this month on concerns the euro zone debt crisis is spreading to Italy and Spain and hurting Europe's banking system, and the global economy is falling into recession. The sum wiped off the MSCI All-Country World Index - about one seventh of its value - is almost equivalent to the size of combined economies of Italy, Spain, Portugal, Ireland and Greece.
REUTERS/Jose Manuel Ribeiro (PORTUGAL - Tags: POLITICS BUSINESS) 
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