Europe closes lower...

European shares close sharply lower for the day and the week, giving back some of the major gains of the past month. Stoxx 50 -2.4% for the day, -3.9% for the week. Germany -2.6%, France -2.1%, Italy -2.5%, Spain -1.4%, U.K. -0.2%. Euro -0.6% at $1.3745.