Signs of stress resurface in weaker economies of Europe

08/16/2010 | Wall Street Journal, The

Investors are concerned that the global economic recovery is cooling, possibly exacerbating financial woes in Europe's weaker nations. Costs of protecting against defaults on sovereign debt from Italy, Greece and Ireland have surged, indicating investors are concerned with the countries' ability to repay debt. "As global risk increases, [Europe's] periphery gets hit, and Ireland has been hit harder than the other countries because of the banking issues," said Brian Devine, an economist at NCB Stockbrokers.

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