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European Stocks Decline as Papandreou Calls Confidence Vote

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European stocks fell to a three-month low as Greek Prime Minister George Papandreou said he will reshuffle his cabinet and seek a confidence vote.

Vedanta Resources Plc led basic-resource shares lower as metal prices fell. Lenzing AG dropped 2.7 percent as the Austrian maker of textile fibers and its majority shareholder B&C Industrieholding GmbH sold about 619 million euros ($877 million) of shares. Carrefour SA tumbled 3.5 percent as UBS AG recommended selling shares of the French retailer.