Italy could need EU rescue within six months warns Mediobanca From Gerry’s mate at the Telegraph – AEP Well, you didn’t expect good news, did you? Mediobanca, Italy’s second biggest bank, said its “index of solvency risk” for Italy was already flashing warning signs as the worldwide bond rout continued into a second week, pushing up borrowing costs. “Time is running out fast,” said Mediobanca’s top analyst, Antonio Guglielmi, in a confidential client note. “The Italian macro situation has not improved over the last quarter, rather the contrary. Some 160 large corporates in Italy are now in special crisis administration.” The report warned that Italy will “inevitably end up in an EU bail-out request” over the next six months, unless it can count on low borrowing costs and a broader recovery. FXKHMER TEAM 25 JUNE 2013
Posted on: Tue, 25 Jun 2013 05:48:13 +0000
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