Bank of Italy senior deputy governor, Salvatore Rossi, comments

  • Seeing a slowdown in world economic growth
  • Particularly 'acute' in Italy
  • If economic climate takes a turn for the worse and spread remains high, there is clear pressure on banks, insurers and their clients

Pretty much just summing up the situation in Italy right now. Expect the slowdown in the Eurozone to be focused around Germany and Italy as we begin the year. Italy's predicament isn't really helped by their ballooning debt level so expect that to also come back into focus in due time.