Article

2011-11-09 Europe

Berlusconi loses crucial majority in parliament

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Posted by Fred 2011-11-09 00:00|| || Front Page|| [1 views ] Top

#1 From a blog comment on the fix Italy is in now: Italy has the third largest sovereign bond market in the world, after the US and Japan. However, unlike US and Japan, Italy cannot print its own money. At 125% debt to GDP, Italy is already in a debt trap. At current 6mth yield of 6%, Italy needs to maintain a primary surplus of 7.5% just to keep debt to GDP stable, at zero growth. That is just impossible

Posted by Anguper Hupomosing9418 2011-11-09 01:48|| 2011-11-09 01:48|| Front Page Top

#2 Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return"

Posted by Bright Pebbles 2011-11-09 06:49|| 2011-11-09 06:49|| Front Page Top

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