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Italy's Shot of Southern Discomfort

Wall Street Journal Original article ›

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Italy has 1.5 trillion euros of debt outstanding and this is the third largest behind USA and Japan. About 241 billion euros worth of Italian government bonds are expected to be issued in 2010, with 171 billon euros of this in redemptions. Interest rates need to be low to not widen its deficit. Italian debt is expected to go up to 118% of GDp in 2011 from 103% in 2007 according to Moody's Investors Service.By contrast Spain's debt s expected to go up by 38% in the same period. Italy's households are less burdened with debt than Spain's. still Italian bonds are affected, as yields widened between Italian and German government bonds to 1.58% compared to before the euro-zone rescue plan of 750 billion euros.

Italy and the financial crisis contagion effect from Greece.

05/14/2010

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Italy's Shot of Southern Discomfort

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Spain, Italy Seek Action

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New Rescue Package for Greece Takes Shape

New York Times 05/31/2011

Italy the economy: For ever espresso

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