Stockmarkets fall as Spanish banks downgraded

European stockmarkets have suffered falls in early trading, on the back of the latest developments in the eurozone crisis.

Fri, 18 May, 2012 - 10:06

European stockmarkets have suffered falls in early trading, on the back of the latest developments in the eurozone crisis.

Moody's ratings agency last night downgraded 16 Spanish banks by between one and three notches.

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