Deutsche Bank is lower by 6% after a German media report said Angela Merkel would not support a bailout for the struggling lender (having provided bailout upon bailout for Greece, it's hard to believe Berlin wouldn't come to the aid of its largest lender).The Stoxx 50 (NYSEARCA:FEZ) is lower by 1.4%, led by a 1.65% decline for Germnay's Dax (NYSEARCA:EWG). Should the Stoxx 50 decline hold, it would be the worst performance for the gauge since early July.