The year gone by was annus horribilis for the Italian economy. The 10 year bond yields have been hovering in the range of 7% for nearly two months now, despite several bailouts.
Sunday, December 25, 2011
The Italian Job!
Italy appears to have replaced Turkey as the "sick man of Europe". The graphic below maps the alarming decline in Italian trend growth rate since the sixties.
The year gone by was annus horribilis for the Italian economy. The 10 year bond yields have been hovering in the range of 7% for nearly two months now, despite several bailouts.
The year gone by was annus horribilis for the Italian economy. The 10 year bond yields have been hovering in the range of 7% for nearly two months now, despite several bailouts.
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