Europe closes sharply lower after a moderate selloff picked up momentum as markets opened with a...

|By:, SA News Editor

Europe closes sharply lower after a moderate selloff picked up momentum as markets opened with a thud in the States. Stoxx 50 -1.4%, led by Italy -2.1%. The euro -0.6% to $1.2700. For the week, the Stoxx 50 lost 2%. Monday: A meeting of the Eurogroup to maybe decide on allowing Greece more bailout funds.