Spain has already been struggling after falling into recession in the first quarter and receiving downgrades on several of its banks. [Spain ETF Falls on Recession, Bank Downgrades]
The iShares MSCI Spain Index Fund (NYSEArca: EWP) was down 3.9% Wednesday and the iShares MSCI Italy Index Fund ETF (NYSEArca: EWI) was 3.4% lower.
Vanguard European ETF
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Max Chen contributed to this article.