Thu, 23 Aug 2012 17:40:53 GMT
European stocks drop on Schaeuble talk
European stocks fell for a second day after German Finance Minister Wolfgang Schaeubble cut optimism Greece will have more time for meeting its debt obligations and after Spain's bond rates advanced. The Stoxx Europe 600 Index declined 0.5% to 268.04. Meanwhile, the equity benchmark climbed 14% from the year's lowest on June 4.