The European debt crisis keeps expanding
Greek debt has been rated as junk quality, Spanish and Portuguese debt have undergone downgrades and there are rumors circulating of a possible Italian debt downgrade.
Greek debt has been rated as junk quality, Spanish and Portuguese debt have undergone downgrades and there are rumors circulating of a possible Italian debt downgrade.
This reminds us of the so-called Asian Contagion of late 1990's during which bank and government debt contagion sent Asian market
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