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12 March 202018.08 Black Thursday for the European stock exchanges, all plunging, overwhelmed by sales on developments in the coronavirus emergency. Piazza Affari sinks with the Ftse Mib index which closes down 16.9% to 14,894 points. It is the biggest fall since the birth of the index in 1998 and surpasses the previous negative post referendum on Brexit in 2016. Europe burns 825bn, only Milan 68. The measures decided by the ECB were not enough for the markets. London -10, 9%, Paris and Frankfurt -12.2%. The Btp-Bund spread flies to 262 basis points.