European Stocks Decline After Bernanke Warning

European stocks dropped from their highest level in 18 months as Federal Reserve Chairman Ben S.Bernanke said the central bank’s plan to buy $45 billion a month of Treasury securities will fail to offset the fiscal cliff. U.S. index futures fluctuated, while Asian stocks gained.
`Time Is of the Essence' for Greece to Reach Deal: Lew
12:59 - U.S. Treasury Secretary Jacob J. Lew speaks about the U.S. and global economies, Greece's debt crisis and International Monetary Fund reforms. Lew speaks at news conference at the 2015 World Bank Group/IMF Spring Meetings in Washington. (Source: Bloomberg)
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