The most recent round of bailout discussions in the EU has stirred up all of the traditional "Spain is next" talk. This time though, the discussion is opening up beyond just Spain and a few people are mentioning Italy as another potential bailout country. Others have kicked around the idea of southern Europe moving back tohttp://www.blogger.com/img/blank.gif their pre-euro currencies in order to have greater flexibility with battling this economic crisis. Is all of this talk hype or reality? At this point, it's hard to dismiss either argument. CNBC:
Italy is next in line to seek a bailout from the European Union and the International Monetary Fund as a 'slow-motion banking crisis' unfolds in the country, Felix Zulauf, President of Zulauf Asset Management said.
"Everyone is focused on Spain. I think the next country to go is Italy," Zulauf told delegates at a conference in Edinburgh.
"What I notice is a tremendous deposit outflow. It's a slow-motion banking crisis, and the banking system has been the big buyer of government bonds in Italy," Zulauf said.
