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Europe's Averages Close Down on Greece & Spanish Worries

Monday, 14 May 2012 | 11:41 AM ET

The "Squawk on the Street" news team report the major European averages fell about 2% on Greek and Spanish worries and its impact on U.S. markets, with CNBC's Bob Pisani. Also, CNBC's Capital Markets editor, Gary Kaminsky has the update on Yahoo's CEO's exit, Chesapeake Energy and China.