Even after the Euro-Zone debt deal, some analysts are not sounding the "all clear,"...
"With a 120% debt-to-GDP ratio and 10-year Italian bonds yielding roughly 7%, they can't do that forever or the borrowing costs will get to an unsustainable level," said Eric Stein, portfolio manager at the Eaton Vance Global Macro Absolute Return Fund. "As your rates go up, it means you're paying more and more to service your debt, and your whole debt dynamics become harder and harder and harder."
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