UPDATE: ITALY FALLS APART
Simone Foxman
Source: Business Insider
24 minutes ago
While analysts have been making a big deal about the bank bailout in Spain this morning, it is important not to forget about Europe’s next-biggest problem: Italy.
Yields on Italian government bonds are shooting through the roof today, as investors wonder how much stronger Italy’s banks are than Spain’s. In neither case, it would appear, to they believe that the bailout has divorced financial sector stress from that on the government.
The Italian FTSE MIB is also down 1.1 percent.
Check out Italian 10-year yields, up 20 bps so far today:
And here’s a look at the FTSE MIB:
Related articles
- Spanish bailout lifts world stock markets (guardian.co.uk)
- Citi: Italy Will Probably Need A Bailout Too (businessinsider.com)
- Spain’s Bank Bailout Fizzles – Italy Now in the Bailout Cross Hairs (confoundedinterest.wordpress.com)
- How eurozone newspapers view Spain’s bank bailout (telegraph.co.uk)
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