Larson also warns of trouble brewing in Ireland, Italy and Spain, all of which have GDP to deficit or total debt ratios above the EU’s limits. A number of these countries have significant weightings in some ETFs, such as the SPDR Barclays Capital Short-Term International Treasury Bond (NYSEArca: BWZ), which holds 10.7% Italy, 4.5% Spain and 2.8% Greece.
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Sumin Kim contributed to this article.