7/27 AEP: Europe’s hot summer as Italy and Cyprus join sick list

By John Galt
July 27, 2011

And for tonight’s edition from Ambrose Evans-Pritchard, an almost perfect summary and follow up to the articles I posted earlier about Cyprus joining the PIIGS(c) and Italy’s banking issues causing a nasty equity sell off today.

Click on the headline below from the U.K. Telegraph to read the entire story:

Europe’s hot summer as Italy and Cyprus join sick list

Fears of recession in Italy and the Germans’ reluctance to back the EU’s bail-out fund with real muscle have set off fresh eurozone tremors, pushing yields on Southern European bonds back to levels seen before last week’s emergency summit.

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