According Wall Street Journal reporter Patrick McGroarty in a story filed on Saturday, November 27, 2010, fears of an escalating European debt crisis across the Euro-zone region continued to increase despite reassurances from finance officials. The fears seemed to stem from the possibility of the debt problem infecting both Portugal and Spain.
European Union and IMF Attempting to Finish Aid Package for Ireland
According to McGroarty, the latest round of fears began when Ireland declared a need for help to restructure their debt in order to stave off a possible financial collapse. The European Union and the International Monetary Fund (IMF) were hoping to wrap up the bailout package by Sunday, November 28, 2010.