European markets down as banking stocks plummet (AP)

LONDON – European stock markets declined Monday with banks in free fall as investors fretted over a second British government bailout of the sector in just over three months.

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Europe's early gains were erased as the markets feared for the future of the region's banks and the possibility that much of the sector may have to be nationalized or receive further government help to stave off collapse. Germany's DAX was down 39.06 points, or 0.9 percent, at 4,327.22, while France 's CAC-40 fell 19.63 points, or 0.7 percent, at 2,997.12.

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