If you think EU debt problems are diificult now - wait until next year

Eurusd Trader

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There are many reasons EU has to come up with a proper, solid solution to debt issues now - one of them being that Italy has to refinance 250 billion euros of borrowings next year. Scary!
 
That's well-known and isn't too scary. What's scary is the amount of bank AND sovereign debt that has to be re-financed next year in peripheral Europe.
 
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