Daily Mail
"Britain, however, has one of the most open economies in the Western world and is unable to shield itself from the volatility in euroland or the fears about debt and a double dip recession in the United States. In Europe, matters are going from bad to worse. Belgium is the latest country to join the PIIGS – Portugal, Ireland, Italy, Greece and Spain – on the injury list. Italy, which accounts for nearly 17 per cent of the euro area’s output and is increasingly seen as a financial pariah, could yet prove the biggest worry."
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