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Emergency bells ringing in Europe: Italy and Spain in the Euro danger zone

Tuesday, August 2nd 2011 - 21:29 UTC
Full article 8 comments

Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the Euro area danger zone and prompting emergency consultations in Rome and among European capitals. Read full article


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  • Sergio Vega

    Well done, Rodriguez Zapatero....Probably you have taken lessons with Huguito, Fidelito and bro, Rafaelito, Evito, Cristinita and co. about how to do to sink your country as quick as is possible.....You will win your prize next November at the general election....(now you won´t have the help of the muslim terrorist, I hope so....).

    Aug 02nd, 2011 - 10:32 pm - Link - Report abuse 0
  • Fido Dido

    well done? what are you talking about Sergio. Both aren't worried about muslim terrorists at all. They are worried what will happen if their people do not accept their Austerity measures, so they can bailout their banks that are in trouble that are linked to other banks who they should pay (German, French, UK, US, Dutch). They are worried that EU will tell them that they need more austerity measures than what they discuss to “save” their nation. Will spain and Italy have the destiney like Greece? Yes. Why? the credit agencies again, they will down grade them to JUNK status and boom. both are on sale (sell everything what already paid for to pay the debt and become a slave for the rest of your life).

    Aug 03rd, 2011 - 04:50 am - Link - Report abuse 0
  • geo

    UK Banks exposure to below countries debts default :

    Greece : ~ 30 Billions $

    Ireland : ~210 Billions $

    Portugal : ~ 50 Billions $

    Spain : ~ 150 Billions $

    Aug 03rd, 2011 - 09:29 am - Link - Report abuse 0
  • briton

    but the uk, is not that bad off,
    europe will crash, but the UK may well get through it ok.

    but south America is not immuned

    Aug 03rd, 2011 - 01:28 pm - Link - Report abuse 0
  • Typhoon

    This is funny. Remember some countries that never could overcome Britain? France, Germany, Italy, Spain. What's the main ethnic origin of argentina? Oh, I remember. Italy and Spain. Where did German Nazis run to? Argentina. What rat runs did they use? Italy and Spain. How is Argentina best remembered? Screwing up their money and attacking defenceless neighbours.

    Anybody see a pattern?

    Aug 03rd, 2011 - 03:17 pm - Link - Report abuse 0
  • zethe

    Wouldn't be so sure briton thse things can have a domino effect. I think not being in the euro helps our case.

    Aug 03rd, 2011 - 03:41 pm - Link - Report abuse 0
  • briton

    our cut backs are hurting, but may well prove effective in the long run,
    france and germany are wasting billions on them, and they are spending billions and billions of french and german money, how long can it go on,
    great britain is well out of the euro,
    we can only benifit in the long run,
    we may not be increasing , but we are not going down either,
    only time will tell,
    but south americans should not be wanting our downfall,
    they do say, what happens in America, happens here soon after,
    if the west goes under all those under us ????
    interesting thought,

    Aug 03rd, 2011 - 06:13 pm - Link - Report abuse 0
  • Fido Dido

    “france and germany are wasting billions on them, and they are spending billions and billions of french and german money, how long can it go on,”

    France is France, but it's about Germany. Germany has deep pockets and this crisis works for them perfectly (European debt crisis= Lower Euro that helps their exports to compete head to head with China). Though the German people will bitch about inflation, and when it gets worse, the Germans will step out of the Euro and go back to their strong Deutsche Mark and bye bye Euro.

    Aug 03rd, 2011 - 06:29 pm - Link - Report abuse 0

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