According to Reuters this morning,
“Italy holds the key to the euro zone debt crisis,” BNP Paribas analyst Luigi Speranza wrote in a research note late on Thursday. “Developments in Italy are a crucial test for the credibility of the anti-crisis framework set up by the EU.” Concern is growing that Italy, the euro area’s No. 3 economy and biggest government bond market, could go the way of Greece and require a bailout without rapid action.
The question is, what the the action be, will this be a light trim, a short back and sides, or something else!
Watch this space !