“Mediobanca, Italy’s second biggest bank, said its ‘index of solvency risk’ for Italy was already flashing warning signs as the worldwide bond rout continued into a second week, pushing up borrowing costs. The report warned that Italy will ‘inevitably end up in an EU bail-out request’ over the next six months, unless it can count on low borrowing costs and a broader recovery. Emphasising the gravity of the situation, it compared the crisis with when the country was blown out of the Exchange Rate Mechanism in 1992 despite drastic austerity measures. Italy’s €2.1 trillion (£1.8 trillion) debt is the world’s third largest after the US and Japan.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
U.S. offers help to Iran after earthquake
Cyprus Central Bank says Bitcoin is not illegal
IRS Says You Owe Tax? Congress Will Take Your Passport Starting January 1
Rep. Grayson: 'We Are Not The World's Policemen, Judge, Jury, Or Executioner'
Jack Ma’s U.S. Inspiration Set Path to Alibaba IPO
Cyprus, lenders reach bailout deal; 40% deposit tax agreed
Paiute tribe opens 'Largest marijuana store on the planet' in Las Vegas
Europe's 'new deal' for jobless dismissed as rhetoric
Rights groups challenge widespread Internet spying in France
New York Vying With California to Write Bitcoin Rules
GM's Volt: The ugly math of low sales, high costs
Ridiculous licensing rules are holding back people who want to work
Sheldon Adelson Becomes Obama Ally as Jewish Groups Back Syria Strike
DEA warns Utah that legal pot could lead to stoned rabbit attacks
NJ gov. pension double-dippers take home $74 million in 2014