Where's the point of no return for debt?
http://dervishcom.blogspot.com/2011/12/wheres-point-of-no-return-for-debt.html
Yesterday, Italian 10-year bond yields quivered above 7 percent yet again. Many analysts have deemed this level intolerable: basically, the amount that Italy has to pay to borrow money has risen so high that the cost of servicing the country's debt threatens to increase far more quickly than its GDP. That, in turn, means Italy's debt load could spiral out of control. In other words, chaos!
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Source: http://feeds.washingtonpost.com/click.phdo?i=2900a167d4b74b5fc52d176f3abd8e29
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