In the chain of Europe’s sovereign debt contagion the biggest domino of all is teetering. Twice in a week, Rome’s 10-year cost of credit has broken through the 7 per cent mark. Should debt markets close the door on Italy altogether, the euro would be in lethal danger.
在欧洲主权债务危机蔓延的链条上,最大的多米诺骨牌正摇摇欲坠。意大利10年期国债收益率一周内两次突破7%的关口。如果债券市场对意大利关上大门,欧元将陷入致命危险。
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