Enough for Greece . Support by EU Countries . Lot of confusion after Greece responded that it will do referendum . Pressure from opposition forced the PM to tonned down . After Greece now the pressure has spread to Italy . It is not that Italy was not in trouble . It is nothing new . Simply it was not at the top of priority as Greece was always on limelight . Greece will very soon get a new PM . IMF is working hard to stop spreading the Debt crisis to other Countries . The Greece President is now intervening to have dialogue between PM and opposition in Greece. Focus is fast changing to Italy now . Greece will go for a fresh election as soon as possible . After the exit of the Papendru and new PM coming in , Greece is likely to adopt the bail out plan of EU . The concern that the eurozone won't do enough to help Italy indebted economies made investors more wary of the country's borrowings, which stand at 120 % of GDP.
Italy’s 10-year bond yield rose to a record 6.68pc today, before falling back slightly to 6.56pc in late morning trading. The moves also give speculation about the future of embattled Prime Minister, Silvio Berlusconi.
No comments:
Post a Comment