The euro zone has this morning been rocked by further dire economic statistics.
Spain, one of the key countries "at risk", continues to struggle and unemployment today hit a record high of 5.64 million.
It has the highest unemployment rate in the European Union with a quarter of the country's population now without a job.
And that proportion is almost double among young people.
Last night rating agency Standard & Poor's downgraded Spanish sovereign debt, delivering a further blow to the troubled country.
The two-notch downgrade takes Spain to BBB+ amid concerns that the country's debt problems are set to worsen further.
More trouble in Spain will put the focus back on the viability of the euro zone as its problems could soon dwarf those of Greece.
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