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Worry for Italy Quickly Replaces Relief for Spain
Mario Monti: we have a week to save the eurozone
Italian prime minister warns that there is no room for failure in talks between single currency’s big four countries
Moody’s downgrades Italy debt rating 2 notches
“German politicians from across the spectrum have reacted furiously to warnings by Italy’s Mario Monti that Bundestag control over EU debt policies threatens to bring about the ‘disintegration’ of the European project.”
“The Spanish and Italian commercial property markets have all but collapsed with the number of transactions in both countries falling more than 90 per cent in the three months to July as investors worry about the future of the eurozone.”