EU economic crisis-News Analysis-09-14-2011

Moody's has downgraded 2 of the largest banks in France. Doubts lay large over Greece's ability to repay its debt, as many fear Italy, though it has announced fresh austerity measures to deal with its public debt, may be next in line for a bailout, not to mention Portugal, Ireland, and Spain.

World Bank President has said raised the alarm says "The global economy has entered a new danger zone with little running room as European countries resist difficult truths about the common responsibilities of a common currency."

So, how will European leaders prevent the sovereign debt crises from spreading or is the EU doomed: And the Euro zone faces an imminent break-up?

Category:

News & Politics

Tags:

• EU economic crisis
• News Analysis
• City University London
• Keith Pilbeam
• Financial Journalist
• Max Keiser
• Max kaizer
• Kaiser
• Foreign Policy
• Ian Williams
• Moody's
• downgraded largest banks
• France
• EU
• Doubts
• Greece's ability repay
• debt crisis
• economy
• Italy
• fresh austerity measures
• public debt
• bailout
• Portugal
• Ireland
• Spain
• World Bank
• President
• alarming
• global economy
• new danger zone
• European countries
• resist truths
• common currency
• EU doomed
• Euro zone
• imminent break-up

[Wartsall]

I'm buying a canoe and heading for some island in the middle of the pacific.

[RockyMountainPrepper]

Keiser is it!