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Europe Daily Bulletin No. 10433

4 August 2011
GENERAL NEWS / (ae) eu/euro zone
Tension in Italy and Spain stir up debt crisis

Brussels, 03/08/2011 (Agence Europe) - Tension over Italy and Spain has once again plunged the euro zone into debt crisis and forced the leaders of both countries to react in the middle of the summer break. In a statement published on Wednesday 3 August, José Manuel Barroso said that the tension over the financial markets was “unjustified”, but forced a rapid implementation of the decision of the Euro Zone summit. The European Commission is ruling out any talk of a rescue plan for Italy...