If you think EU debt problems are diificult now - wait until next year

[Eurusd Trader]

There are many reasons EU has to come up with a proper, solid solution to debt issues now - one of them being that Italy has to refinance 250 billion euros of borrowings next year. Scary!

 

[Martinghoul]

That's well-known and isn't too scary. What's scary is the amount of bank AND sovereign debt that has to be re-financed next year in peripheral Europe.