Why does everyone care about Italy?

Well there’s this…4th largest debt load in the world

via visualecon
and then, there’s this…GDP in the entire Eurozone is only projected at .5% next year. Italy is trending even lower.

and then, there’s this…which is what happens when you try to solve a debt crisis via austerity


via reuters

 

 

 

 

 

 

 

 
 
 
 
 
and then, of course there’s this…Italian financing costs, which have come down in the last few days after hitting record levels. We suspect the most recent drop in yields was certainly due to ECB intervention. We would expect them to be under constant pressure as banks around the globe slash exposure.

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