from WSJ:
LONDON—European stocks fell sharply Thursday, with banks plunging further into the red and the euro following suit as concerns about the global economy continued to weigh, while investors suspected that a bout of short selling or hedging by a large investor in the German DAX sent that index plunging nearly 4%..
Following the slump in the DAX, the euro was at $1.4406, down from $1.4427 in late trading Wednesday in New York. The single currency also wasn't helped by comments from former European Commission chief Jacques Delors, who said both the euro currency and the European Union today stand "on the edge of the precipice." In addition, German Finance Minister Wolfgang Schäuble in a letter to leading lawmakers rejected a boost to the volume of the current euro-zone rescue fund, the European Financial Stability Fund, according to the Bild newspaper.
