Europe Is Getting Hammered Prior To U.S. Market Open

European indices are getting crushed by the expansion of concerns over the Spanish banking situation and interbank lending on the continent.

Spain IBEX, down 4.22%

IBEX 525

Italy’s MIB, down 4.7%

German DAX, down 2.82%

French CAC, down 3.7%

UK FTSE, down 2.91%

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