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Europe closes sharply lower as the summit produces little in the way of progress towards banking...

Europe closes sharply lower as the summit produces little in the way of progress towards banking union or a plan to recapitalize the banks (these summits only generate upside surprises when they're held amidst a panic). Stoxx 50 -1.3%, led by Spain -2.4%. For the week, the Stoxx 50 gained 2.2%.
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  • Tack
    , contributor
    Comments (12442) | Send Message
     
    EU agrees to centralized banking oversight, but that's "insignificant." Those awaiting imminent collapse can still hope.
    19 Oct 2012, 11:38 AM Reply Like
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