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.