LONDON (Source: New York Times By MATTHEW SALTMARSH) — Stocks were falling Monday in Europe, led by banks, in the wake of the publication late last week of results of stress tests on European lenders. The euro weakened and the bond yields of indebted nations climbed as investors worried about the degree of political will to overcome the region’s debt crisis.The market jitters mark the start of an important week for the European Union as its leaders attempt to stem full-blown market contagion.

The leaders will hold a special summit meeting Thursday, but there appears to be no agreement yet over the terms of a second bailout for Greece, especially on the nature of a private sector contribution.

Source: New York Times By MATTHEW SALTMARSH

Published: July 18, 2011

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