Also heavily exposed to Italian sovereign debt: Likely GE, writes Bruce Krasting, who breaks...

|By:, SA News Editor

Also heavily exposed to Italian sovereign debt: Likely GE, writes Bruce Krasting, who breaks down the financing of a typical government infrastructure project and is left with the conclusion the company likely owns plenty of Italy's paper. High interest rates squeezing business, possible haircuts on debt, and GE's leveraged balance sheet could make for an ugly mix.