http://www.marketwatch.com/story/margin-boost-pushes-italy-yields-to-brink-2011-11-09
“The firepower of the EFSF [European Financial Stability Facility] is simply not sufficient to provide a backstop for Italy. Events have moved far faster than the labored political process of the [European Union] can deal with,” said Simon Smith, chief economist at FxPro in London.
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