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Loan Modification

: Mortgage Lender Implode-o-Meter

Italy's debt costs approach red zone

By Implode-Explode Heavy Industries

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``Italy is too big to be rescued by a diminishing group of creditor states in the EMU core, should it ever need help. Public debt will creep up to 120pc of GDP next year ? or over ?1.9 trillion ? a level widely seen as the outer limit of debt sustainability. ''

Full post as published by Mortgage Lender Implode-o-Meter on January 04, 2011 (boomark / email).

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