Friday, August 09, 2002
1:50 pm

The Stable Eurozone Redux



Italy's near the brink:

Debts in Italy are at a record level and the fiscal yield is decreasing. The figures from Bankitalia, Italy’s central bank, show a different picture than the one portrayed by the government. Whilst government figures showed that there was an incremental rise in fiscal yield of 1.5%, Italy’s central bank showed a decrease of 0.4%.

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