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View Diary: Is Rome Burning? (16 comments)

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  •  Good diary, one clarification.. (2+ / 0-)
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    Richard Lyon, Gooserock
    Italy happens to be fairly well funded for at least several years.  So it doesn't have to go back to the market for a great deal of new debt at these much higher rates immediately.

    Italy may not have to raise much in NEW debt, but they have to refinance approximately 500B euros of EXISTING debt in the next 12 months.  That is one key reason everyone is twitched...

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