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European shares close sharply lower, led by another meltdown in Spain (-3.9%), the IBEX giving...

European shares close sharply lower, led by another meltdown in Spain (-3.9%), the IBEX giving back far more than it gained on Tuesday. Stoxx 50 -1.7%, Germany -1%, France -1.6%, Italy -2.3%, U.K. -0.3%. The YTD divergence between Spain and other European bourses (and the S&P) widens even further.
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