Italian legal market braces for deal slump
The Italian legal market is bracing itself for the full impact of the country’s debt crisis, as new Prime Minister Mario Monti comes under pressure to bring Italy’s finances under control. Italy’s borrowing costs for 10-year bonds this month hit 7%, a major problem given that the country needs to refinance around €200bn (£170bn) in maturing debt by next April.
Italian legal advisers braced for slowdown in deal work as national debt crisis drains corporate confidence
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