The majority of economists polled by Euromoney Country Risk believe that Italy still has time to solve its sovereign debt crisis.
Italian bond yields and shares in Italy’s largest banks recovered in trading yesterday, with UniCredit gaining 1.5% by close. “The longer the crisis goes on, the more likely it becomes that core European countries will be sucked into the crisis,” says Spiro.
|A version of this article first appeared in Euromoney Country Risk. Euromoney Country Risk is an online service from Euromoney dedicated to sovereign and country risk.|