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Risks Remain For Spain & Italy

Thu 26 Jul 12 | 12:50 AM ET
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Risks Remain For Spain & Italy

Thu 26 Jul 12 | 12:50 AM ET
James Ashley, Senior Economist at RBC Capital Markets says the Spanish government will need external support to get through this crisis. He shares his view on the type of bailout Madrid will need to survive. He's also downbeat on Italy, saying that the country is likely to be recession throughout this year, and possibly into next year.

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Europe
 
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