Thursday, 10 November 2011

Italy panic sparks $30b sell-off

SMH (Australia)
"About $30 billion was wiped from the value of Australian shares today as Italy emerged as the new centre of concern in the euro-zone debt crisis.Both major sharemarket indices fell to their lowest level in a month over concerns about Italy’s ability to service its debt mountain and the implications for the future of the euro as a common currency."

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