Gavin Hewitt , BBC Europe editor

Both the Spanish and Italian economies have little to no growth. Unemployment is stubbornly high. It is not clear where the growth will come from to pay down their debts.


And even with those countries in the emergency ward - like Greece and Portugal - how will they climb back to financial health whilst they are cutting spending in the midst of a recession?

http://www.bbc.co.uk/news/world-europe-15400806

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