European stock markets dropped on Monday, as the weekend arrest of the head of the International Monetary Fund cast a shadow over a meeting of euro-zone finance ministers. Euro-zone finance ministers will meet on Monday in Brussels primarily to endorse the bailout plan for Portugal, but Greece’s debt predicament will likely be discussed as well. Auto stocks were also contributing to downward pressure. Banks were also off in Germany.
May 16, 2011
European stocks fall
European stock markets dropped on Monday, as the weekend arrest of the head of the International Monetary Fund cast a shadow over a meeting of euro-zone finance ministers. Euro-zone finance ministers will meet on Monday in Brussels primarily to endorse the bailout plan for Portugal, but Greece’s debt predicament will likely be discussed as well. Auto stocks were also contributing to downward pressure. Banks were also off in Germany.
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