MEP Marian Harkin fears euro crisis is spiraling out of control

Northwest MEP Marian Harkin says she's afraid events connected with the euro crisis are spiralling out of control.

Ms Harkin was speaking in Strasbourg where MEPs are this week holding their plenary session.

She says the Spanish banking bailout hasn't quelled market unrest about the state of Spain's economy - and that it looks very likely that Spain will need a further bailout.

That could trigger an Italian meltdown with Italy also forced to seek bailout funds - something Marian Harkin says would be a turn for the worse: