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News Link • European Union

European Debt and Deficits: When Graphics Speak Louder Than Words

Concern about the European sovereign debt crisis has moved from Greece, to Portugal when Moody's downgraded the country to junk status last week. Now Italy has become the new victim as worries of a debt crisis contagion, as Italy, euro zone's third largest economy, is the next weak link in the region (See Chart).

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