10 Oct 2011 Bloomberg
Manus Cranny --
Andrea it makes for very interesting reading. What we've got here is 10 year government bond yields for Italy. The yield is rising there. Contradictory though Spanish bonds are dropping. Then you understand the comparison: Germany is trading at 2 per cent.
Fitch is talking about "High public debt; fiscal funding, low growth and vulnerable to external shocks..." surely that pertains to the whole of the Eurozone? Italy has a debt-to-GDP ratio of 120%.
Vitor Constancio -- ECB Vice President says the new bailout fund needs to be scaled up to be able to deal with both Spain and Italy total bond issuance [Amazing] which is around 2.5 trillion euros.
Ernst and Young say it's time to scale up the bailout fund by seven times.
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