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Italy Will Fight Last Stand in Debt Crisis War

By Edward Altman, Max L. Heine Professor of Finance

edward altman opinion article

For more than two years, we have witnessed the economic demise of several European countries.

June 20, 2011 -- For more than two years, we have witnessed the economic demise of several European countries. This soon led to the financial community systematically assessing the health of several peripheral southern European countries, tumbling investment grade ratings and spikes in required rates of return on government debt of these sovereigns. As the European Central Bank continues to dole out rescue packages, many are now looking for the next country to suffer a financial attack and wondering if the euro will even survive. 

Read full article as published in the Financial Times.