Seeking Alpha

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

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.
Comments (1)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)