GO
Loading...
 

Italy Clearly Distinct From Spain: Pro

Mon 05 Mar 12 | 04:00 AM ET
 Highlight transcript below to create clip
Transcript:  Print  |  Email
    This term does not appear
Go
 Click text to jump within video

Italy Clearly Distinct From Spain: Pro

Mon 05 Mar 12 | 04:00 AM ET
"I see a very clear distinction between Italy and Spain," Bob Parker, Senior Advisor, Credit Suisse, told CNBC. "Spain has still got ongoing structural issues with high unemployment at 23 percent, the ongoing restructuring the savings banks, the 'caixas' plus the unwinding or the bursting of the real estate bubble. Italy, very different, high savings rate, we never had a consumer credit bubble, we never had a real estate bubble, I think there is a high probability that despite the weaker economic data, that the overall budget position in Italy in 2014 could be close to balance," he added.

Topics:

Spain  | Italy  | Unemployment  | Employment  | Jobs  | Debt  | Bonds  | European Union  | Europe  | Europe  | Recession  | Western Europe Real Estate
 
RELATED ARTICLES AND CONTENT
More Videos
Latest Videos
Why this expert still prefers DM over EM
Mon 21 Apr 14 | 12:02 AM ET
Latest Videos
UBS: See 8% growth for US earnings this year
Sun 20 Apr 14 | 11:08 PM ET
Latest Videos
See dollar-yen at 110 in 6 months: Macquarie
Sun 20 Apr 14 | 10:47 PM ET
Latest Videos
Quality is a concern at Beijing Auto Show: Pro
Sun 20 Apr 14 | 10:39 PM ET
Go
Displaying results for: Latest Video | US