European stock markets close down sharply, banks drop again
European stock markets ended a tough week in sharp decline on Friday, with fears once again focusing on the banking sector despite various attempts to reassure investors.
Milan fell by 1.64%, Paris by 1.43%, Frankfurt by 1.33%, London by 1.01%, all these financial centers losing more than 4% over the week. The banking sector was once again strongly affected, in particular Credit Suisse which lost a quarter of its stock market value in one week.
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