Is The Next European Country To Fall Italy…. As Debt Costs Approach The Red Zone
Posted By thestatedtruth.com on December 29, 2010
From The Telegraph:
Neil Mellor, currency strategist at the Bank of New York Mellon, said big institutional investors have been pulling funds out of Italy and rotating into German debt on a large scale. “Our flow data shows that the trend has been just as concerted out of Italian debt as it has been out of Irish or Greek debt. Italy should be able to weather 2011 in good shape but the government’s debt dynamics are very poor,” he said.
Comments