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Italy confirms it has talked with Chinese officials about a strategic investment in Italy, but...

Italy confirms it has talked with Chinese officials about a strategic investment in Italy, but China has declined to comment - leading analysts to believe any talks are likely preliminary, and unlikely to lead to anything substantive. Italy's debt-to-GDP ratio is second in the eurozone only to Greece's.
Comments (6)
  • Positive Equity
    , contributor
    Comments (483) | Send Message
     
    This is encouraging news. Let me put my myopic glasses back on and chant guru Birinyi teachings. Earnings are good and stock prices are cheap.
    13 Sep 2011, 06:58 AM Reply Like
  • bbro
    , contributor
    Comments (9318) | Send Message
     
    Italy's most significant rollover month is this month...in fact this
    3rd qtr constitutes 27% of the borrowing over the next year and half....
    Italy needs to rollover and issue 245 billion euros next year...China
    could have a significant effect... a 50 billion euro participation would
    have a huge effect...Italy's debt demands will drop to 166 billion euros
    in 2013....
    13 Sep 2011, 06:58 AM Reply Like
  • Dibber
    , contributor
    Comments (1361) | Send Message
     
    By taking a bailout from China, Italy is telling the world it's a basket case. I'm not sure how that helps them with their refinancing. It's like Citi doing a private placement with Dubai money in early 2008.
    13 Sep 2011, 12:59 PM Reply Like
  • Sqwii
    , contributor
    Comments (24) | Send Message
     
    How long can Greece stay solvent with their yields this high ?

     

    What is the limit ? Can we see 200 to 500 % on the 1 year bond before deffault or what is the "limit" ?

     

    When did Argentina deffault ?
    13 Sep 2011, 07:04 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    China is excellent at dangling deals (especially weapons deals) but not quite coming through….but we will see. Financially the Chinese will loose money. No real fundamental change in Italy (or Greece or Spain) will occur. Can kicked then major haircut or worse later.

     

    Smartest thing for the Chinese to do is let them collapse and then come in at the fire sale and pick up the tasty deals.
    13 Sep 2011, 07:32 AM Reply Like
  • frosty
    , contributor
    Comments (689) | Send Message
     
    What would be healthy for both nations is for the Chinese to stimulate domestic demand for olive oil.
    13 Sep 2011, 10:18 AM Reply Like
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