Europe closes sharply lower, weighed down by realization the LTRO was a heckuva band-aid, but...

|By:, SA News Editor

Europe closes sharply lower, weighed down by realization the LTRO was a heckuva band-aid, but still just a band-aid. Stoxx 50 -2.6%, Germany -2.4%, France -2.4, Italy -3.3%, Spain -3.6%, U.K. -1%. For the week Spain's IBEX was off 5.3%, for the year, -15%. Germany's Dax +11.6% YTD.