The forces of contagion in the eurozone appear unstoppable. On Thursday investors drove yields on both Italian and Spanish debt to new highs, as fears grew that last month’s Greek rescue deal would prove insufficient to stop Europe’s financial rot. Without swift action from the European Central Bank, this will prove to be a contagion process with a disastrous end.
歐元區債務危機的蔓延之勢似乎無可阻擋。隨著市場對於上月希臘紓困方案將不足以阻止歐洲財政問題惡化的擔憂加劇。上週，投資者將義大利和西班牙兩國債券的收益率都推至新高。如果歐洲央行(ECB)不迅速採取行動，這將會成爲一個帶來災難性後果的蔓延過程。
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