The Bank of Italy’s current liabilities towards other eurozone central banks touched a new record high of €480bn euros. Italy 10Yr Bond Yield stand at 3.54%, Italy-Germany 10Yr Bond Spreads are 3.19% for Oct 18 2018. Bundesbank advances to the weaker states via the ECB is around €950bn, nearly 30% of German GDP. Should Italy 10Yr Bond Yield reach 7% we believe Germany will be forced to leave the eurozone.
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