Bailout Fallout: Italy, Spain next on Eurozone crisis 'death list'?

In Europe, borrowing costs for Italy and Spain surged drastically, as traders rush to rid themselves of risky investments. Crisis talks beween Italy and the EU are already underway, as its bond yields reached their highest level since the Euro was adopted. For more on the implications of this RT talks to economics journalist Patrick Young.

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[alpidistra]

This is simply Germany sabotaging the economies of other European countries in order to bring down the value of the euro. This helps Germany's exports, industrial capacity and saves its jobs. This just proves that the European Union is not truly a "union", because it can be easily manipulated and even sabotaged in order to benefit a specific country at the expense of others.

[alpidistra]

@blueiguy1 As recently as a week ago, Italy was regarded as much stronger and in a much safer position than Spain. Now notice the British and German attacks on Italy with the BBC leading the way in the most negative and fear mongering stories about the Italian economy. This is a coordinated economic sabotage against Italy and especially against Berlusconi who has openly condemned the Libya war stating that it was a huge mistake and that he was forced into it. The attacks were almost immediate.

[oRomanieMaiBuna]

spanish gouvernment should not allow Romanians enter Spain..because the romanians destroyed Spain..thats why Spain is a shitty country now...

Romanians are filthy gypsies.. Romania should not be an EU Member..

[GetitUnderCool]

@rdicko86 nope, for the simple fact that black market and mafia revenues don't appear on statistics, do you expect criminals to pay taxes and declare publicly their illegal traffics? 

[Aberconwycool]

new york is the centre of the us finance industry tokyo of Japan and london is the centre of european finance industry putting

that at risk by leaving the eu could destroy the uk. I predict the Euro will survive big time.

[anedonia8]

@alpidistra i'm totally agree. i hate berlusconi but italy was a rich and powerful nation germany is like china, their product sucks and now dominated the economy. the crash was manipulated by financial markets. and the market economy HAS NOTHING TO DO with the REAL economy.

[DaleWF10]

@BoudiccaBlanc What are you on about you do know that the industrial revolution started in Britain

[DaleWF10]

@albie071 What are you on about moron , the UK and Germany are 2 of the strongest nations on the planet , hardly puppets

[anicks1908]

It is all about psychology. At first it was Greece. Now countries like Spain and Italy are THAT bad? No. The markets have paniced just because Eurozone has paniced. If the Eurozone was united from the beginning and said straightforward to the markets that there is no way a Eurozone member will be bankrypt, none of all this would have happened. Of course Greece and all the rest coutries have a huge responsibility of their deficits, but the Eurozone members showed that they are not united...

[geofx09]

@nvsyru at most countries the wealth comes from small-medium enterprices because they own 95-99% of each market. Ok manufacturing jobs produces wealth too but some countries in eurozone have to decrease dramatically salaries to be competitive..so the workers must become slaves :S When eurozone pushes countries to increases taxes and add new taxes to everything the economy cant work and people get poorer and poorer and it comes the banrupsy because people cant pay more...

[geofx09]

@Denmarkpwns Denmark - 298% External debt per capita: $110,422 Italy - 126.7% Gross external debt: $2.310 trillion, Greece - 161.% Gross external debt: $552.8 billion, Spain - 171% Gross external debt: $2.409 trillion....as I can see your gay country needs better control to its economy! The countries that I wrote after yours have to decrease their debts to help the countries like yours like Ireland - 1,267%, United Kingdom - 408.3%, Netherlands - 365%, Belgium - 320.2%, Denmark - 298% etc.