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In the last six months, the European Stock Exchange started losing significant amounts of money every single week. The loss rate is even higher than the record set during the financial crisis in 2007.

According to Wall Street Journal, the investors are not very happy about the on-going string of losses from the first quarter of 2016 and banks fighting over political instability.

The money flow index showed some critical values in the last 29 weeks and the Stoxx Europe Market Index 600 dropped by 6,1% points this year, considering that in 2015 the numbers showed a 6,2% rise.

In 2015, investors were betting on Europe because U.S was planning to implement higher interest rates. Bigger loan rates might require money from the American stock market in order to transfer them in Europe.

But with no further rate increases from the U.S. Federal Reserve so far this year, those flows have reversed. Though, Fed Chairwoman Janet Yellen signaled last week that the central bank could raise short-term interest rates possibly as soon as next month.

“At the beginning of the year, many claimed that this is Europe’s year”, said BNP Investment Partners financial strategist Daniel Morris.

“I don’t think this is the case.”, added Morris.

The European Stock Market’s $86 billion dollars losses recorded so far in 2016 have reversed more than two-thirds of last year’s inflows.

According to The Wall Street Journal, the Euro Stoxx Banks index has dropped almost 25% year to date. In comparison, the Nasdaq KBW Bank Index of U.S. lenders has fallen 0.6%.