So this is an interesting chart on the growth of Italian sovereign debt, or as Barclays Capital call it — ‘the knife-edge’:
Read more at FT Alphaville
Original content Bob DeMarco, Look Beyond the Obvious
Wednesday, June 22, 2011
Why Italy is already priced to wreck the Eurozone
Italy has of course so far escaped a ‘debt’ crisis that’s mostly been about anything but the sheer quantum of sovereign debt to GDP facing a particular country. But it’s always been latent that any long-term repricing in sovereign risk premia, following the Greek default, would affect Italian interest payments.
So this is an interesting chart on the growth of Italian sovereign debt, or as Barclays Capital call it — ‘the knife-edge’:
Read more at FT Alphaville
Original content Bob DeMarco, Look Beyond the Obvious
So this is an interesting chart on the growth of Italian sovereign debt, or as Barclays Capital call it — ‘the knife-edge’:
Read more at FT Alphaville
Original content Bob DeMarco, Look Beyond the Obvious
