Bloomberg News

Italy Will Probably Default on Its Debt, Capital Economics Says

November 09, 2011

Nov. 10 (Bloomberg) -- Italy is “ultimately” likely to need support and will “probably default,” Jonathan Loynes, an economist for Capital Economics Ltd. said.

Italy poses the “single biggest threat to the future of the euro,” Loynes said at a briefing in Hong Kong today.

To contact the reporter on this story: Paul Panckhurst in Beijing at ppanckhurst@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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