Argentina's plan prompts slide on European markets

10/24/2008 | Financial Times (free content)

Fears about exposure of Spain's biggest banks to Latin America -- especially Argentina, where the government is moving to take over private pension funds -- triggered a third day of declining stock prices on European markets. Having weathered the subprime crisis almost untouched, Spain's largest banks, including Santander and BBVA, found themselves punished by investors frightened about anything related to Latin America.

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