And If So Look At Italy...
http://www.financialsense.com/contri...n-italy-shores
Snippet:
International Monetary Fund.
Thus, we turn to Italy. The country has far more sovereign debt outstanding, almost $2,000 billion than any of the other problematic governments. While ultimately the euro’s survival will come down to political realities, we feel the euro’s financial market “battle” will come down to the plight of Italy. Its debt, if added to the mounting responsibility of the EU and IMP, may simply be too much, and the euro will then crumble. Our theory is rooted in the use of a new metric to estimate the financial health of sovereigns.
“Our overall credit risk metric, while better than two years ago, places Italy among the riskiest private corporate sectors”
http://www.financialsense.com/contri...n-italy-shores
Snippet:
International Monetary Fund.
Thus, we turn to Italy. The country has far more sovereign debt outstanding, almost $2,000 billion than any of the other problematic governments. While ultimately the euro’s survival will come down to political realities, we feel the euro’s financial market “battle” will come down to the plight of Italy. Its debt, if added to the mounting responsibility of the EU and IMP, may simply be too much, and the euro will then crumble. Our theory is rooted in the use of a new metric to estimate the financial health of sovereigns.
“Our overall credit risk metric, while better than two years ago, places Italy among the riskiest private corporate sectors”