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 Post subject: Re: Italy's Downward Spiral Accelerates
PostPosted: Thu Aug 16, 2018 11:56 am 
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Unlike Ireland, which finances its debt with long term bonds (around 8 or 10 years is the new normal for Ireland), Italy is firmly in 2 year rollover land.

Italian 2 year has gone from negative rates to a current 1.3% in the last year. There is a big difference between less than fuck all interest and 1.3% when you have a debt pile as large as Italy. 130% of GDP. :(

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