EU crisis sparks decline for markets

Asian stock markets slid today as enthusiasm for a European plan to rescue Spain's teetering banks turned to scepticism.

EU crisis sparks decline for markets
Tue, 12 Jun, 2012 - 08:12

Asian stock markets slid today as enthusiasm for a European plan to rescue Spain's teetering banks turned to scepticism.

An offer by the 17 countries that use the euro to loan Spain up to €100bn to revive banks crushed by bad real estate loans was initially met with euphoria, driving markets up yesterday.

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