Italy’s bond yield rises above the 7% mark.

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Italy’s bond yield rises above the 7% mark. · 1

mk · 4913 days ago

I just read last week that 6% was considered by most economists to be unsustainable.

I think this is like the Titanic where it's becoming clear that the boat is sinking, but everyone has a little while to run about.

Maybe China will respond to the SOS?

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mk · 4913 days ago · link ·

I have to add this:

“Only Portugal,” writes Capital Economics’ John Higgins, where yields took several months to make their next move higher and necessitate a rescue, “offers limited hope for Italy.”

Higgins estimates a rescue of at least €600-700 billion would be needed to bail out Italy, and the resources of the European Financial Stability Facility – about €250-300 remaining – will not be enough, particularly after losing Italy as a guarantor if it needs to be propped up.

http://www.forbes.com/sites/steveschaefer/2011/11/09/italy-t...

Particularly after losing Italy as a guarantor?!

"You see, if we call them a receiver rather than a guarantor, well, things just look all wrong."

Pushing on string?