Wed, 23 May 2012 10:57:45 GMT
European stocks fall before EU summit
European stocks dropped earlier today, following the comments
from Greece's ex-Prime Minister Lucas Papademos and in anticipation of the EU
summit. Papademos mentioned that preparations to exit the single currency area
are under consideration. Resources and banks, which were leading yesterday, are
falling today. At the time of writing the Stoxx Europe 600 index dropped 1.03%
to 242.25 points, the CAC 40 index lost 1.30%