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Italy is not Spain, suggests Fitch MD Ed Parker, noting the country has smaller budget and...

  • Tuesday, June 12, 2012, 12:22 PM ET
    Italy is not Spain, suggests Fitch MD Ed Parker, noting the country has smaller budget and current account deficits, and a banker sector not saddled with bad real estate (no, but it has plenty of government paper). Fitch's main scenario continues to be Italy not needing a rescue, he says.
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    No, Italy isn't Spain (among other things, Italy actually produces some items that can be sold for real money), but when the lemming herd gets a head of steam up for the next stampede, I expect the Italians will get trampled anyway, whether deserving of it or not.
    12 Jun 2012, 12:45 PM Reply Like
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