Spain and Italy in the Spotlight = Debt Risk

After Greece (2) Ireland and Portugal, then Spain and Italy, then the US, now back to Spain and Italy = Debt.

BBC News: Reports that the Spanish PM Jose Luis Zapatero has had to cancel his holiday plans after the cost of Spanish borrowing went through the roof, it was joined by Italy. The contagion of Greece has happened folks, the EU in the not to distant future will have to bailout Spain and Italy, this will take trillions, all EU countries including the UK will have to get their wallets out, its going to hurt folks, the tax payers are not going to be happy, it either bailout Spain and Italy NOW or later and its will costs even more trillions, the bad times are not over folks, its going to take years and mass unemployment and the cutting of the welfare state in Europe. A lot of suffering before the light folks.