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IPFS News Link • Economy - International

Contagion is Rapidly Spreading: The PIIGS Are Going to Slaughter

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“The contagion is definitely spreading and spreading quite rapidly to Portugal, Spain, Ireland and Italy,” Mehernosh Engineer, a credit strategist at BNP Paribas SA in London, wrote in a report today. “The market has been in a show-me-the-money mode for well over three months and the lack of guidance is slowly and steadily sowing the seeds of a double-dip.”