European stocks close sharply lower as a corruption scandal threatens to engulf the Spanish PM...
European stocks close sharply lower as a corruption scandal threatens to engulf the Spanish PM and Berlusconi surges ahead of elections in Italy. The Stoxx 50 -3.1%, led by Italy -4.4%, and Spain -3.7%. Germany -2.4%. So much for hot Januarys. The now-weeklong slide in Europe has brought the Stoxx 50 back to about flat YTD.
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