Italy in the Spotlight Part Three - Eurozone Crisis

Telegraph: Reports the following on the Italian crisis, “ ..the toxic mix of likely recession and discredited leadership is bringing the crisis to a head. ”. Thus folks the contagion has moved form Greece to Italy, the cost of Italian bonds have gone above 6% for a ten year bond, this is seen as pushing Italy near to the cliff. The news that Greece will hold a referendum will make the Italian crisis worse, there will be calls in Italy for new elections or a referendum of the EU deal. The public sector has to much to lose folks, thus expect Italian bonds to go through the roof, Germany and China will not bailout Italy, the costs would damage them, thus Spain to be the next to fall folks, high unemployment and debt in the private and public sector, the dominoes are ready to fall folks.