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IPFS News Link • Economy - International

Europe's Web of Debt

05-03-2010 • New York Times

Like the alliances that drew one country after another into World War I, a default by a single nation would send other countries tumbling. If that message was lost on anyone, there was a reminder last Tuesday when Standard & Poor’s downgrade of Spanish and Portuguese debt hammered stock markets everywhere, including in the United States.

Zano

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