The Fall Of The European Dominoes…Italy And Spain Next Up

Posted By on July 10, 2011

Greece is a lost cause.  Next up is either Italy or Spain.  Both the Dollar and the Euro currencies are in trouble.  The last man standing looks to be Gold.

From the NY Times……

LONDON — Top European officials planned to meet on Monday to wrestle with threats to the currency union as fears mounted that Italy could become a victim of the debt crisis even as discussions stalled over a second bailout for Greece.

The euro zone has been shaken by the fiscal troubles of Greece, Portugal and Ireland, though their economies are relatively small. The Italian economy is more than twice the size of the combined economies of those three countries.

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