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Why do you need a ceiling if you can raise it at will ?
its not a debt ceiling... its a debt target.... how many readers think we wont hit the target?
We always hit the target, then to prove we're really badass we move the target further away and hit it again.
Do you mean 'hit it'...or blow past it at the speed of debt?
First: of course we will see 7% soon, not only in Italy.
Second: I do hope you are being sarcastic with "professional to rookies".
Third: Bailout territory? The term can't apply for big debt like Italy's (or US or Japanese, etc.)
Fourth: The past Irish Government made the mistake to bail out Anglo-Irish.
Fifth: The present Irish Government, after being elected, did nothing about it.
Hitler would have loved the 2100st century...
Not wrong..but correct if they did not buy the offering last march..ponzi over....(with mostly client monies) but profits and more profits, from the ponzi continues...so actually money well spent on Greek bonds..
"Real M1 deposits in Italy have fallen at an annual rate of 7pc over the last six months, faster than during the build-up to the great recession in 2008," said Simon Ward from Henderson Global Investors....
italy is not greece.... italy WAS greece. just look at the fucking statues!
This article starts off by saying it's "important to remember" that Greece wasn't Greece 15 months ago. Fine, but it's also important to remember that bad news = more stimulus = more inflation = higher asset values. There.
Yawn.... enjoy the rally bitchez.
I see about $286Bn gross vs $24Bn net notional on Italy, trend clearly higher over last weeks. Most out of the Eurozone it seems too... (Greece at 78Bn and 5Bn respectively.
Out of Euro immediately and leave the problems to Germany. We are going to pay more taxes for nothing or only to buy a BMW car for less.
Soon we will not have enough money to buy a FIAT.
I agree that there are problems with declaring this a success as a twitter comment I saw points out rather well.
Todays five year bond auctions increase in yield over last month's would cost 18 billion Euros a year on the whole Italian national debt
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