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Home Moneta Blog Italy too Big to Bail

Italy too Big to Bail

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I love these two headlines taken form today's FT.com

As headlines go, and taken side by side as they were, it shows the problems we face.

Savers in the UK have been receiving negative real rates, after the impact if inflation for some time. On a High Yield term account, losses are around 2% per year.

1ft2

But in the same week, one of the eurozone's largest economies is staring into the abyss.

Let us not forget, it was at around 7% that Greece, Ireland and Portugal all needed bailouts.

Italy is too big to bail.

 

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