Spain and Italy: The Euro Crisis Gnaws at Europe’s Underbelly
The euro crisis may have dropped out of the headlines recently, but Spain and Italy would seem to be doing their best to bring it back. Real estate giant Reyal Urbis’ bankrupcy has raised fresh concerns about Spanish banks and many fear that a Berlusconi election victory could drive Rome to seek emergency aid.
It had become a trend among top European politicians to forecast that the worst of the euro crisis had passed.
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