Contagion fever raises temperature in euro debt crisis

Jul 13, 2011 by Euronews

Fears that the euro-zone debt crisis is spreading have put the brakes on any stock market recovery.


Ireland's credit-worthiness was slashed to junk status by the ratings agency Moody's, prompting the prime minister in Dublin to call for a comprehensive response from Europe.

Ireland now joins Portugal and Greece in the debt junkyard and with concerns about Italy now emerging, traders also want big gestures.

http://www.euronews.net/

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