Euro Chicken

Confidence is fast dwindling in the European Union's ability to prevent debt problems in Greece, Ireland and Portugal from spreading to Spain and Italy
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Italy has moved very quickly to catch up with Spanish yields and the market has woken up to the fact that there's a much larger problem.

Thumbs Up

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Despite a debt mountain second only to that of Greece, Italy has until now managed to stay on the sidelines of the Euro crisis. But with the Greek crisis intensifying, yields on Italy's 10 year government bonds hit 5.71% today, its highest level since the launch of the euro more than a ten years ago.

Let's learn to play the fiddle

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Fears that Italy could be the next country threatened by the 'eurozone blues' sent its benchmark index falling 1.5% today.