EU debt crisis specter re-emerges
World BusinessJan 6, 2012
Deep concerns over the eurozone debt crisis resurfaced with a vengeance Thursday, driving the euro to 16-month dollar lows as Italy and Spain came under intense pressure on the markets.The euro sank below $1.28 to levels last seen in September 2010 as Spain said it banks would need 50 billion euros, more than first expected, to cover bad loan losses while Italian Prime Minister Mario Monti rattled nerves with an unannounced visit to Brussels.Monti, who meets French President Nicolas Sarkozy on F