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.
November 23, 2011 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Italian legal advisers braced for slowdown in deal work as national debt crisis drains corporate confidence
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.
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