European shares slump to 2012 lows

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European shares tumbled more than 8 per cent as the coronavirus pandemic raged through much of Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage.

The pan-European STOXX 600 fell 8.2pc to its lowest since November 2012, with bourses in France and Spain leading losses as the two countries joined Italy in enforcing a national lockdown.

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