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Stocks extend longest slump this year
April 10, 2012
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borrowing costs for both Spain and Italy rose considerably. Spain's borrowing costs crept closer to levels that forced other countries to seek bailouts.

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European markets sold off while Wall Street was still sleeping. The main stock indexes in Spain and France closed down about 3 percent, the equivalent of a 400-point drop in the Dow. Stocks dropped 2.5 percent in Germany and 2.2 percent in Britain.

"They've managed to put a Band-Aid on the debt crisis, but there's really no solution," said
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