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    Europe's financial contagion spreads

    Al Jazeera English

    by Al Jazeera English

    The European monetary crisis shows no signs of abating with talk of Greece leaving the Eurozone - once a taboo subject - now being discussed openly.

    The European Central Bank has stopped operations with some Greek banks. And the ratings agency Fitch has downgraded Greece by one notch to CCC.

    Now, Spain has had 16 of its banks downgraded by another credit rating agency.

    Al Jazeera's Emma Hayward has more.