European Debt Crisis, Episode 253 – First Spain, Now Italy…

Concern for the moment shifts from Spain to Italy: “The Battle of Italy is truly under way; the Battle of Europe comes next.” But this may just be temporary, because some are already saying the Spanish deal, this latest euro fix, will come apart in less than a month.

Meanwhile, “EU Floats Worst-Case Plans for Greek Euro“.

Finally, this analysis touches on the core issues of national budgets, debt, “the decision about who will and will not be allowed to borrow”, sovereignty and the future of the European Union.

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Filed under Economy, Europe, Finance, Political Risk

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