Markets tumbled in Europe today over concerns that Spain's borrowing costs were rising to unsustainable levels as reported in the New York Times: http://www.nytimes.com/2012/04/11/business/global/spain-bond-yields-rise-reviving-fears-of-a-renewed-euro-crisis.html?_r=1&adxnnl=1&adxnnlx=1334105000-daqlGimdCBOFOoG5i9JMZw
...and Business Week: http://www.businessweek.com/articles/2012-04-10/spain-is-on-the-bleeding-edge-of-a-new-european-crisis
Simone Foxman of Business Insider characterized it as a day the markets got destroyed: http://www.businessinsider.com/european-markets-just-got-destroyed-2012-4
Financial stocks took a big hit: http://dealbook.nytimes.com/2012/04/10/european-bank-shares-take-a-nosedive/?ref=europeansovereigndebtcrisis
U.S. markets also ended lower, after falling on Monday due to a disappointing increase in employment levels.
Meanwhile, in the French election, the far left politician Jean-Luc Melenchon is polling a strong third, and may have an impact on the outcome for the top two candidates, incumbent Sarkozy and Socialist leader Holland: http://www.nytimes.com/2012/04/10/world/europe/in-french-elections-sound-and-fury-from-the-lefts-melenchon.html?_r=1&smid=tw-nytimesglobal&seid=auto
Holland is trying to maintain his lead while Sarkozy is running as an underdog: http://www.economist.com/node/21552246?fsrc=scn/tw/te/ar/climingmoutimprobbable
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