Europe's financial markets turned abruptly negative on Friday, prompted for once by disappointing data from the United States - rather than the eurozone - but underlining the fragility of a currency union caught in the grip of a debt crisis and an alarming global economic slowdown.
The latest bout of gloom, darkened by a worse-than-expected jobs report from Washington, seems to have doused any residual glimmers of optimism that greeted last week's agreement by European Union leaders to use the region's bailout funds to prop up weak banks while beginning longer-term work toward a more fully integrated banking system for the eurozone.
But since then there have been too many negative indicators, including the release of record-high unemployment data for the eurozone this past week and acknowledgment by three big central banks that additional measures were needed to stimulate moribund economies.
Read more: For Europe's markets, latest gloom is from US - The Economic Times
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