The more austerity, the larger the deficit, which is compounding the debt problems of peripheral nations. (yragharris.com)
The decision by the Eurozone to force bank depositors in Cyprus to contribute towards a bailout, a first in the Eurozone debt crisis, could hurt other peripheral nations, the Euro and the global stock market rally, analysts warned. (worststockmarketcrashes.com)
At the same time, the fact the ECB is likely to gradually raise interest rates, it will mean that these peripheral nations could face higher debt financing when borrowing money from the markets. (cnbc.com)