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European Shares Plunge On Renewed Recession Fears

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공표년도

창작년도

2011-09-06

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European shares fell to their lowest close in more than two weeks on Monday on renewed worries about recession and as investors speculated that support for bailing out Europe’s indebted nations may fade.
Britain's FTSE 100 ended the day 3.6-percent lower‚ while Germany's DAX lost 5.3 percent and France's CAC40 fell 4.7 points.
Adding to sector falls were new concerns over the ability of European political unity to contain the region's debt crisis after German Chancellor Angela Merkel's coalition lost ground in a state election on Sunday.
That goal will be further tested this week‚ with a court ruling due on Wednesday over German involvement in the bailout fund‚ divisions in the ECB over bond buying and uncertainty over private sector involvement in the second Greek bailout.
Meanwhile‚ the G7 financial leaders will meet this week in France to discuss the debt crisis and measures to tackle the slowing economy.
Reporter : jenmoon@arirang.co.kr

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