European markets shaken by fears for Italy, Spain - USATODAY.com
Stocks, the euro and government bonds tumbled, with the Milan exchange down 4% and the yield on Italy's 10-year bond trading above 6% at one point, suggesting investors are increasingly worried the country will not be able to handle its debts.
Rescuing Italy and Spain — the third- and fourth-largest economies in the eurozone — would simply be too expensive for the EU's rescue funds, so their stability is synonymous with that of the 17-nation currency bloc.
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