Your Guide To All The Countries That Are One Riot Away From Becoming Greece

Your Guide To All The Countries That Are One Riot Away From Becoming Greece

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Italy's problems appear somewhat contained given that it hasn't been deteriorating as rapidly as many other major European nations -- even though Italy still has substantial debt.
Italy's problems appear somewhat contained given that it hasn't been deteriorating as rapidly as many other major European nations -- even though Italy still has substantial debt.
Source: Morgan Stanley


Vincent Fernando, CFA and Gus Lubin | May. 6, 2010, 11:05 AM

Yesterday's violent riots were a reminder that many Greeks are strongly in favor of default.

Investors have begun to question the financial strength of other European nations, even those outside of the infamous PIGS group (Portugal, Italy, Greece, Spain).

Here's a snapshot taken from a Morgan Stanley report by Paolo Batori that shows how European financial systems have deteriorated during this crisis, and who's most at risk of becoming the next Greece.

If you start to see international funding dry up for any nation, watch out...
http://www.businessinsider.com/your-guide-to-the-greek-contagion-2010-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29&utm_content=Google+Reader