European shares close lower after another ugly day in the sovereign debt markets in which Spain,...

|By:, SA News Editor

European shares close lower after another ugly day in the sovereign debt markets in which Spain, Belgium, Austria, and even France move further in Italy's direction. Stoxx 50 -1.4%, Germany -0.7%, France -1.7%, Italy -1.3%, Spain -1.3%, U.K. +0.3%. Euro -1% to $1.35.