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KDakotaFund (24.01)

Evans-Pritchard: Italy Next to Crumble in Europe

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December 31, 2010 – Comments (4)

Investors fearful of the spread of the eurozone crisis to its bigger economies have begun to demand higher returns on Italian sovereign debt, up 10 basis points to 4.86 percent on 10-year bonds following a weak short-term auction.

The fear is that the Italian economy will slip into the miasma of Greece, Portugal, and Spain, reports Ambrose Evans-Pritchard in London daily The Telegraph.

Part of the problem, Evans-Pritchard reports, is that Germany turned against issuing eurozone bonds to support the failing southern economies and rejected an increase in the 440 billion euro ($585.05 billion) EU rescue fund.

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4 Comments – Post Your Own

#1) On December 31, 2010 at 1:44 PM, portefeuille (99.59) wrote:

Italy's debt costs approach red zone

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#2) On December 31, 2010 at 2:17 PM, kdakota630 (29.50) wrote:

portefeuille

Wow, you are really good and fast at finding related links.

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#3) On December 31, 2010 at 2:27 PM, lemoneater (82.05) wrote:

I have to admit that I know very little about Italy's economy. I thought that Northern Italy was better off than Southern Italy. Also how does the private state of the Vatican fit into the picture? Is the Vatican an economic island?

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#4) On January 01, 2011 at 12:52 PM, ChrisGraley (29.74) wrote:

http://blogs.wsj.com/economics/2010/12/31/uk-think-tank-sees-20-chance-of-euros-survival/

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