WSJ:GLOBAL MARKETS:European Stocks,Euro Lose Shine As Pessimism Returns
-- Euro sinks after German official turns pessimistic
-- Doubts arise that European summit will bear fruit
-- U.K. industrial production disappoints but Germany bounces back
By Andrea Tryphonides
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--The euro sank versus the dollar and European stocks pared gains Wednesday after a German official poured cold water on hopes that the summit of European leaders this week would provide a much-needed solution to the euro-zone's sovereign debt crisis.
The official also dashed hopes that both the European Financial Stability Facility and the European Stability Mechanism could run alongside one another, as mooted in ...
