Wednesday, December 29, 2010

The Italian 'I' In PIIGS Is Starting To Show Signs Of A Real Debt Crisis

"Italy's borrowing costs have surged back to financial crisis levels and the country is now looking like a proper member of the eurozone's fringe, according to Ambrose Evans-Pritchard.

The yield on Italy's 10-year bond is now at 4.86% and, combined with weakening monetary supply data, Italy now looks destined for a downturn similar to the rest of the fringe in the next 9 months.

Investors seem to be getting out of Italy and into the safety of German debt..."

at http://www.businessinsider.com/the-italian-i-in-piigs-is-starting-to-show-signs-of-a-debt-crisis-2010-12#ixzz19X4vW1vp

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