9/20/11

The domino effect in Europe's debt crisis


Protests in Rome over the austerity cuts, the latest in a series of protests across Europe

The sovereign debt crisis continues to unfold in Europe, with every country appearing to get sucked in one by one.

Three nations in the eurozone - the 17 nations that use the euro - have been recipients of bailouts as attempts to solve the crisis keep stalling.

Italy became the latest to feel the domino effect of the markets when its debt rating was lowered, the latest in a series of downgrades.

Greece, Spain, thejavascript:void(0) Irish Republic and even Cyprus have also had their ratings cut this year. The future of the euro is being questioned in a way it never has since 1999.

Which countries have fallen, and which are feared to be next?



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