Eurozone Troubles Heating Up

Test Ticker

Please support Mother Jones with a year-end donation. The truth is, we're a long way from our $600,000 goal, and we have to get as close as we can by Tuesday so we don't have to make hard decisions come January. If you value our reporting, please consider pitching in today.

$600,000

We still need to raise 400,000: Whether you can give $5 or $500, it all matters.

Please support Mother Jones with a year-end donation. We need to raise $600,000, or get as close as we can, by Tuesday so we don't need to make hard decisions come January. Whether you can give $5 or $500, it all makes a difference.

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

The latest from across the Atlantic:

Europe’s sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy.

….Italy and Spain, the eurozone’s third and fourth biggest economies, were at the centre of the market turmoil, with investors demanding an increasingly high premium for holding their bonds.

Hopefully the Guardian’s reporters are just being a little hyperbolic. But stock markets in the U.S. and Asia were pretty brutalized today too. Phase 4 of the Great Euro Crisis appears to be well and truly imminent.