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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Italy's bond spike: the austerity death spiral has begun

Italy's bond spike: the austerity death spiral has begun | Countdown to Financial Armageddon | Scoop.it

Every time I refresh my browser, Italian bond yields seem to have climb another percentage point. They breached the 7 per cent level - considered just about sustainable – about an hour ago and have been climbing rapidly ever since.

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Greece was so last week! Italy on the brink

Greece was so last week! Italy on the brink | Countdown to Financial Armageddon | Scoop.it

The cost for the Italian government of borrowing for 10 years has risen to a new euro high of 6.6%.

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