Crisis effect on Europe

In Britain people are worried about how this will affect house prices, and there’s a general concern about pensions. Some people have plans similar to 401k’s and both are affected by the stock market. (If the average Brit is worried about house prices and pensions, what is the link from the U.S. to there?) I don’t think there’s a direct link to Lehman Brothers to pension plans in Britain, but there are concerns over the stock market and a general price. Credit for houses is more difficult to obtain which drives prices up. (Are Brits panicking?) I’m not noticing any panic but my guess is some people are very worried.