Italy

ECB'S BAZOOKA HAS HIT THE TARGET

Neptune founder and CEO Robin Geffen has ruled out the possibility of a eurozone breakup following a meeting with Italian Prime Minister Mario Monti.

MAPPING THE DEBT CRISIS

Italy's will struggle to finance itself until borrowing costs fall back towards the 4% level, according to Goldman Sachs Asset Management chairman Jim O'Neill.

A downgrade of Italy's credit rating by one of the major ratings agencies would come as "no surprise", according to Allianz Global Investors' chief investment officer Neil Dwane.

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ON THE US

UniCredit has seen its shares suspended for the second time after they plunged almost 10% as it unveiled the price of a €7.5bn (£6.3bn) rights issue.

Developed economies will see $7.6trn worth of debt mature this year, with Italy towards the front of the refinancing queue at a time when its borrowing costs remain elevated.