For Markets in Europe, the Focus of Fear Moves to ItalyBy GRAHAM BOWLEYPublished: November 6, 2011
European efforts to solve a growing sovereign debt crisis have failed to quell market unease on the Continent, and the skepticism over Greece points to continued volatility this week.Multimedia Interactive FeatureTracking Europes Debt Crisis Interactive FeatureEuropean Debt Crisis Timeline GraphicMarket Gauges FlashingRelatedGreek Leaders Reach Deal to Form a New Government November 7, 2011Normal Life on Pause, and a Sense of Simmering Rage November 7, 2011Among fresh warning signs, Italy’s cost of borrowing has jumped to the highest rate since the country adopted the euro. Others signs include pressures building in the plumbing of Europe’s banking system. While those pressures are not yet at the levels experienced during the 2008 financial crisis, when some markets in the United States froze altogether, they are high enough to cause worry, analysts say.
via In Europe, Anxious Market Shifts Focus To Italy – NYTimes.com.