Stocks sink, investors wait for vote in Europe By Roland Jones

Wall Street sank at the start of trading Tuesday as investors waited for the results of a key vote by Slovakia on a plan to expand the euro zone rescue fund.
All the other member states have ratified a plan to increase the size and powers of the European Financial Stability Facility bailout fund. Now all that remains is for Slovakia to have its say on the matter.

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Bank Capital Levels

European governments have discussed setting a deadline for banks to boost their capital, the German newspaper Die Welt said, citing an unidentified person involved in the talks.
Under the plan, governments would force banks to accept public funds to increase their capital once the deadline had passed, the newspaper said. European Union countries would have to act jointly for the plan to work, the newspaper reported.

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