European shares are dropping sharply - back to near flat following big early gains - after an...

|By:, SA News Editor

European shares are dropping sharply - back to near flat following big early gains - after an Austrian Parliamentary committee fails to approve an upgrade of the European rescue fund. The euro gives up its gains vs. the dollar, now buying $1.3643, and even threatens the SNB's line in the sand by trading down to CHF 1.2025.