After Spain, Is Italy the Next Domino to Fall?

Italy has huge debt, a contracting economy
Demonstrators face riot policemen as they try to enter the offices of Equitalia, Italy's tax collection agency during a protest against the government's austerity measures Photograph by Carlo Hermann/AFP/Getty Images

The relief in Rome was short-lived. Italian bonds rallied early on June 11, the first trading day after European finance ministers’ weekend agreement on a $125 billion bailout for Spanish banks.

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