European shares close sharply lower, the first true washout of 2012 as equities choose today to...

|By:, SA News Editor

European shares close sharply lower, the first true washout of 2012 as equities choose today to pay attention to all the negatives out there. Stoxx 50 -3.4%, Germany -3.4%, France -2.5%, Italy -3.6%, Spain -3.4%, U.K. -1.9%. Euro -0.7% to $1.3123.