Europe's debt crisis moves toward bigger economies

"Even economies that do not have the fiscal problems of some of the other eurozone economies are considered a risk, [they] are being shunned," says Simon Tilford, chief economist of the CER in London. Tilford says investors are beginning to lose confidence in the eurozone, and so interest rates are rising in every country but Germany. ... But Tilford says higher interest rates will make life a lot tougher for France, especially because the European economy is slowing. "It's possible to foresee France being dragged into a kind of Spanish-Italian situation whereby their borrowing costs are prohibitively high, and they're being forced into cutting public spending dramatically into the face of a slump," Tilford says.