NEW YORK (Source: CNNMoney By Ben Rooney) — The debt crisis in Europe is knocking on Italy’s door, but American banks still appear to be well insulated from the dreaded contagion.Italy has been lumped in with Greece and other troubled European economies because it has a heavy debt load and dim economic prospects. But the nation is not in immediate danger of default.

Source: CNNMoney By Ben Rooney

July 15, 2011: 5:58 AM ET

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