Monday, July 11, 2011

Debtmaggedon Arrives in Parts of Europe Italian Debt Adds to Fears in Euro Zone:

Top European officials planned to meet on Monday to wrestle with threats to the currency union as fears mounted that Italy could become a victim of the debt crisis even as discussions stalled over a second bailout for Greece.

Meanwhile, Greece continues to have problems because of it's debt-driven austerity measures and there's rioting in Ireland. That leaves Portugal and Spain as the remaining two dominoes often referred to collectively as the PIIGS.

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