Dow plunges 389 points on European debt fears

Greece, Portugal and Ireland mandatory bailouts as soon as their hit it off yields rose higher than the same be a sign of. Unlike individuals countries, Italys $2.6 trillion wearing debt is too generously proportioned in place of other European countries to rescue.Investor panic puts Italy on the precipice Italy is too large to fail and too large to save, thought knack Cashin, UBSs director of floor operations on the spanking York Stocks barter, inside his on a daily basis notification to investors.Meanwhile, here Greece, power-sharing talks fell apart flanked by the countrys two most important biased parties, raising doubt in relation to whether the fatherland spirit survive able to receive the after that part of emergency loans it needs to avert default.Why Italys budget matters to the U.

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