Italian Budget Worries Are Causing Bank CDS To Spike

The price to insure the debt of Italian banks has spiked on worries over the country’s budget, and broader concerns about the eurozone debt crisis.

Prime Minister Silvo Berlusconi is facing a key vote on December 14th, which could bring down his government.

The government may have to cut $6 billion more in its budget, if it is to meet European Union requirements, according to Bloomberg.

Note, Banco Popolare’s somewhat difficult state after bad profit news and plans for a capital hike were announced in November.

Here are the next dominos to watch for in the eurozone debt crisis >

From CMA Datavision:


Photo: CMA Datavision

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.