July 10, 2011
Yep, Italy is suddenly a crisis country.
EU President Herman van Rompuy has called an emergency meeting for Monday to discuss the Italian contagion, according to Reuters.
A combination of economic and political factors has seen a sharp selloff in stocks, and a surge in yields.
The country is also getting caught up in a continent-wide game of chicken, that started, really, when French banks broached the idea of haircuts for Greek debt holders.