The Euro zone debt crisis continues to spread and yields on Italian debt broke the 7% mark today. As a result, the Dow Jones Industrial Average fell almost 400 points in trading on Wednesday. Speculation of a smaller Euro zone with deeper integration has increased over the last week. In a recent speech, French President Nicholas Sarkozy mentioned a two-speed Euro zone which would be smaller than the current European Union.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/11/09/us-eurozone-future-sarkozy-idUSTRE7A85VV20111109
James Sutliff