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Had it failed, the combination of a political crisis in Rome and global financial trouble would have put the lira and Italian interest rates under heavy pressure, jeopardising Italy's chances of joining the euro at a later date.
ECONOMIST: Italy
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Industry analysts predict that sales of heavy duty trucks will increase by 14 percent this year, but year-to-date sales of 58, 846 Class 8 trucks, the largest size category, are still significantly below the 162, 545 sold in the first seven months of record-setting 2006.
FORBES: China's Insatiable Appetite For Heavy-Duty Trucks
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The finance sector heavy iShares FTSE China (FXI) is down 11.5% year-to-date, the worst of the big BRIC exchange traded funds and underperforming the MSCI Emerging Markets index by wide margins.
FORBES: Market Still Ignores China's Relatively Positive Economy