E. German Wins Second Gold Medal : Track: Katrin Krabbe wins 200 meters. Bubka loses first major pole vault competition in seven years.

Katrin Krabbe of East Germany sprinted to her second gold medal by winning the women’s 200 meters at the European Track and Field Championships today.

Linford Christie of Britain failed in his bid to become the first men’s double gold medal winner when he had to settle for the bronze in the 200. The gold went to another Briton, John Regis, with a time of 20.11 seconds.

World pole vault record-holder Sergei Bubka of the Soviet Union lost his first major event in seven years when he failed to clear 19 feet, 1/4 inch. Another heavy favorite was eliminated when Peter Elliott of Britain, the Olympic silver medalist and the Commonwealth champion, tripped and fell in his semifinal heat in the 1,500 meters.

Krabbe, 20, who won the 100-meter dash on Tuesday, added her second gold by racing to the finish in 21.95.

She led a 1-2 East German finish, with Heike Drechsler, the long jump gold medalist here, taking the silver in 22.19. Krabbe’s time was the fastest in Europe this season.

Galina Malchugina of the Soviet Union finished third in 22.23.

In the men’s 200, Regis blasted ahead from the start and was never challenged, also posting the continent’s fastest time of the season.

Jean-Charles Troubal of France edged Christie over the line with a time of 20.31. Christie’s time was 20.33.

Bubka, who needed three attempts to qualify for the final, had trouble even on his starting height of 18 feet, 8 1/4 inches

The Olympic and world champion made the height on his third attempt, but then failed all three times at 19 feet, 1/4 inch, well below his world record of 19 feet, 10 1/2 inches.

Rodion Gataulin of the Soviet Union was still competing and was assured of the gold medal.