Eurozone debt is going into freefall

I warned before about Italy as being a country in trouble when no one else mentioned it.
Italy is the biggest issuer of bonds to fund debt and most has been at high levels of interest
compared to today's levels.
The whole debt scenario has NOT been released by the Euro governments in the hope that
things will get better. Well it isn't isn't!
Expect the Euro zone to go into a bit of a freefall.
Even Germany isn't excused from this.
HVB bank the 3rd largest bank in Germany is owned by Unicredit of Italy.
This has a double whammy! First the bank still has a rubbish portfolio of Real Estate.
Secondly the Italian side will be in trouble as well if the ratings go down and this will in turn put a German bank in crisis.
The UK will actually come out of this ok as they acted much quicker.

The Euro is in meltdown!