immediately took to the airwaves to tell a stunned nation that if this isnt terrorism then it is extraordinary and very peculiarwith a slow panic setting in even here the heavilyfortified luxury hotel complex where prime minister tony blair is hosting a summit of leaders of the group of eight most industrialised countries plus india and china the markets in london and across europe started to bleed from the aftereffects of what appeared to be a savage attack on europes premier financial centreshares on the bluechip ftse 100 index lost almost one per cent after the blasts and in a rapid descent into emergency mode londons tube network which normally handles more than three million people per day was groundedthe explosion during the morning rush hour caused massive disruption across the city with the capitals streets jammed with panicstricken people trying to get to work or make their way safely homedisparate eyewitnesses and survivors of the blasts reported hearing a huge thud and the chilling sight of fellow travellers emerging from underground tunnels covered in blood and soot their clothing torn others reported smoke pouring through underground trains that had been hit one bus passenger said as she walked through the bus station she could see people lying on the ground black as if theyd been covered in smoke