Is Italy next in the line of fire? "Perennially weak growth and a mountain of government debt...

|By:, SA News Editor

Is Italy next in the line of fire? "Perennially weak growth and a mountain of government debt mean that the Italian public finances are a potential time-bomb waiting to explode," writes Capital Economics' Roger Bootle. "The size of the Government’s debts will eventually prompt the markets to turn their sights on Italy and a default is a distinct possibility."