Europe Worries Debt Crisis Is Ready to Spread

By Jack Simony

European officials are warning any new rescue plans aimed at stopping Europe’s debt crisis may need to include Portugal and Ireland, the New York Times reported.

For either of the countries to be included, they would have to make a formal request for assistance. Ireland has insisted it has enough money till at least spring, and Portugal, too, says they don’t need the help, but European officials think otherwise.

“If Ireland were to ask for aid, then you’d have to look at what’s going on in Portugal as well,”one official told the Times.

– By Jack Simony

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About Jack Simony

Jack Simony is a hedge fund portfolio manager from New York City. More information and a full biography can be found by visiting http://www.jacksimony.org.
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