Euro Crisis Spreads From Ireland to Italy
Irish debt problems are sending shockwaves through the rest of Europe today.
Yields on Italian bonds jumped nearly 0.25% today alone even as Ireland's bailout barely had time to shore up debt woes there.
According to UK newspaper The Telegraph, "Italy's public debt is over 2 trillion euros, the world's third-largest after the U.S. and Japan."
European stocks fell across the board. The news was bad enough in Europe to slow markets here in the United States as well, as the S&P 500 fell nearly 1% in today's trading. Additionally, the euro fell to a two-month low against the dollar.
Gold and silver both spiked in price on the euro's weakness.
In order to take advantage of world-wide currency devaluation, financial analyst Ian Wyatt from Wyatt Investment Research recently published a report on an 8.9% dividend paying gold company.
To read the details of this report click here now.
