ICM Brokers | Jun 13, 2013 06:19AM ET
European stocks declined overnight, as wrangling between Greek politicians following the shutdown of the state broadcaster. Society General SA, Barclays Plc and Deutsche Bank AG led a selloff in banks, each falling over 2 percent. Severn Trent Plc (SVT) sank the most since October 2006 after a consortium of investors dropped their bid for the water utility. Kabel Deutschland Holding AG jumped 8.2 percent after Vodafone Group Plc confirmed it approached the company about a takeover. Greece’s benchmark ASE Index dropped 3.2 percent, extending its slide so far this week to 12 percent, as Prime Minister Antonis Samaras shut the nation’s public broadcaster overnight. The Pasok and Democratic Left parties today submitted a draft law to overturn the ruling.
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