• Italy is thinking about taking a $250 billion write down and that has traders starting to freak out about Greece

    9 days ago - By Business Insider

    Huffington Post Italia leaked a government proposal late Tuesday that showed populist parties drafted plans to ask the European Central Bank for debt forgiveness of 250 billion euros.
    Italy's 10-year yield hit its highest level in two months following the report.
    Bond yields in other eurozone countries also spiked, with the Greek 10-year rising 25 basis points.
    Eurozone bond markets turned chaotic Wednesday after leaked documents suggested Italian coalitions who are paving the way for a new administration were floating plans to ask for 250 billion euros in debt forgiveness for the...
    Read more ...

     

  • As Italy Seeks to Form a Government, Leaked Documents Stir Anxiety

    As Italy Seeks to Form a Government, Leaked Documents Stir Anxiety

    9 days ago - By NY Times

    Financial markets fell on news that the Five Star Movement and the anti-immigrant League party want to radically change the country's ties with the European Union.
    Read more ...