Italy walks close to greek syndrome | business | Hindustan Times
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Italy walks close to greek syndrome

business Updated: Nov 29, 2011 01:26 IST

As Moody’s warned EU sovereign ratings are under threat, Morgan Stanley lowered its outlook for Asia and Italy looked set to be overwhelmed by its debt

120% Italy's public debt, as a proportion of its gross domestic product
The country’s borrowing costs are again at the levels which triggered the collapse of the Silvio Berlusconi government

Yields on 10-year bonds ended last week at more than 7.3%

Italian yields are now in the territory that forced Greece, Italy and Portugal to seek international bailouts

Prime Minister Mario Monti is expected to unveil measures likely to include a revamped housing tax, a rise in sales tax, accelerated increases in pension age and a form of wealth tax.