• Is Italy the new Greece? These 6 charts explain why Italy is rattling markets

    7 monthes ago - By Business Insider

    Investors today are breathing a sigh of relief after Italy reportedly bowed to European Union pressure and lowered its budget target.
    What's going on?
    To say it's been a tumultuous few days in the eurozone's third largest economy would be somewhat of an understatement.
    It all started last week, when Italy submitted its spending plans to the EU. The budget came as a shock: the country said it planned to spend a whopping 2.4% more than it makes over the next three years.
    This target risked breaching EU rules. Investors balked, sending the country's bonds higher and the euro tumbling.
    At one...
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