The eurozone bailout slowed the Greek meltdown but may have moved the bull's-eye to Italy, even...

|By:, SA News Editor

The eurozone bailout slowed the Greek meltdown but may have moved the bull's-eye to Italy, even though it has weathered the crisis well. The deterioration in its creditworthiness is small compared with other PIIGS countries, the costs to support its banks have been minimal, and its government has approved concrete budget cuts. But investors can't ignore Italy's heavy debt load.