After France, is Italy next? Goldman Sachs flags bond risks as Rome's deficit widens - CNBC
After France, is Italy next? Goldman Sachs flags bond risks as Rome's deficit widens - CNBC
Source: CNBC
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DW NOTE
Goldman flags Italian bond risk while Italy's deficit tops 7.4% of GDP. France's spreads blew out in June when deficit projections hit 6.2%. Italy's is already wider and the fiscal position is worse — Rome just has the ECB's "whatever it takes" doctrine as a put option it can't formally exercise.