Risk Italia Rankings 2011

Italy in the spotlight

italiarankings2011

When the sovereign debt crisis kicked into high gear in mid-2010, Italy was on the periphery of the periphery – a concern because of its €1.9 trillion in outstanding debt, but a concern that seemed fairly remote when compared to the more pressing problems of Greece and Portugal. This year, Italy found itself closer to the epicentre of the crisis.As risk aversion swept debt and equity markets in August, the European Central Bank stepped in to buy Italian bonds. That was followed by