by Edward Hugh: Barcelonabr /br /blockquote"I would now expect several eurozone countries with weak banking sectors to get into serious difficulties as the crisis continues. There is a risk of cascading sovereign defaults. If this was limited to countries of the size of Ireland or Greece, one could solve this problem through a bail-out. But solvency risk is not a problem confined to small countries. The banking sectors in Italy, Spain and Germany are increasingly vulnerable."br /Wolfgang Munchau, a href="http://www.ft.com/cms/s/0/c94ac804-fb62-11dd-bcad-000077b07658.html?nclick_check=1"Financial Times/a, 15 February 2009./blockquoteblockquoteGerman Finance Minister Peer Steinbrueck a href="http://www.reuters.com/article/companyNewsAndPR/idUSN1631373320090216"said on Monday/a euro zone countries would have to pull together if one of them faced a "serious situation," adding that Ireland was in a "difficult situation."br //blockquoteblockquoteInvestors are increasingly concerned that Ireland may default on its national debt as the government pledges more money to help troubled banks, the Sunday Times said. Credit-default swaps on Ireland’s government bonds reached record ...