With a GDP dwarfing that of Greece, Portugal, or Ireland, Italy's fiscal health has major global...

|By:, SA News Editor

With a GDP dwarfing that of Greece, Portugal, or Ireland, Italy's fiscal health has major global implications; and with Italian banks selling off this week and bond yields soaring, investors are definitely getting nervous. The Italian economy is stagnating, and there are doubts about whether the government will actually balance the budget by 2014.