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Europe closes sharply lower as the dusting off of a plan to have the ESM directly recapitalize...
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Wednesday, May 30, 2012, 11:39 AM ETEurope closes sharply lower as the dusting off of a plan to have the ESM directly recapitalize EU banks produces only a 30 minute rally. Stoxx 50 -2.2%, Germany -1.8%, France -2.2%, Italy -1.7%, Spain -2.6%, U.K. -1.7%. Euro -0.9% to $1.2392.
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