Problems Come to a Head in Europe, Stocks Sell-Off

May 14, 2012 9:36 AM EDT Send to a Friend
Markets in Europe were lower overnight after the European Union's industrial production in March showed a loss of 0.03 percent, which was a decrease from February, when it grew by 0.08 percent.

Greece failed to form a government over the weekend, which once again highlighted the difficulties the region is facing as pro and anti-austerity camps face off, not just in Greece but throughout the EU. Markets are also coming to terms with the increased likelihood that Greece will exit the European Union, a possibility the market has not fully priced in.

Traders can get access to the European equity market though the European EFT Vanguard MSCI Europe ETF (NYSE: VGK), which is made up of common stocks of companies located in 16 European countries. VGK is trading 1.9 percent lower in early action to $41.95.


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