EUROPE GOT CREAMED, SPAIN DIVED 1.9%

The European markets closed near their lows of the day.

European finance ministers are currently meeting in Luxembourg to discuss the ongoing debt crisis.  Meanwhile, German Chancellor Angela Merkel is in Greece reminding everyone of the importance of the country staying in the euro.

The biggest loser was Spain, which fell 1.9%.  Here’s an intraday chart from Bloomberg.

 

spanish stocks

Photo: Bloomberg

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

markets moneygame-us