Europe’s Closed: Here’s A Roundup Of The Damage

car crash

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Head_On_Collision.jpg”]

We started the morning with a major sell-off in Europe driven by financial stocks. And the day didn’t look up after that.European markets have now closed with Germany down 6%, France off 5.48%, Italy off almost 6.4% and London off 4.6%. But this sell-off was sparked by concerns over the liquidity of European banks, amidst the eurozone debt crisis. Let’s take a look at those banks again:

French Banks 

  • Societe Generale — -12.45
  • Credit Agricole — -7.12%

  • BNP Paribas — -6.42%

Italian banks

  • UniCredit SpA — -7.22%
  • Intesa Sanpaolo — -9.26%
  •  UBI Banca — -3.56%

German Banks

  • Commerzbank AG — -10.47%
  • Deutsche Bank AG — -7.17%