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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Ireland demands debt relief, warns on EU treaties

Ireland demands debt relief, warns on EU treaties | Countdown to Financial Armageddon | Scoop.it

Europe's plans for treaty changes to enforce fiscal discipline in the eurozone may fall foul of popular anger in Ireland unless the EU creditor states agree to share more of the pain.

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Italy Sells €14.5Bn of Debt as Borrowing Costs Rise ... and still faces €55 billion of bill maturities before the end of the year.

A €1.9 trillion debt  -- more than Spain, Greece, Ireland and Portugal combined -- leaves Italy vulnerable to any advance in yields as it refinances maturing debt. Today's sale will help cover the redemption of €8 billion of bills on Sept. 30. Italy still faces €55 billion of bill maturities before the end of the year.

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Not for the squeamish! Europe's Web of Debt - Click on graphic for a better view of how the contagion could spread

Not for the squeamish! Europe's Web of Debt - Click on graphic for a better view of how the contagion could spread | Countdown to Financial Armageddon | Scoop.it

Banks and governments in these five shaky economies owe each other many billions of euros, and have even larger debts to Britain, France and Germany.

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