Italy is in the firing line because of its high debt. To be more accurate it isn’t the debt per se that is the problem as they have had it for a long time but and are servicing it nicely , it is more a case of what happens when it falls for renewal next year – who is going to lend Italy. See the comparison with many householders whose fixed term mortgages need renewed soon. Surely their current lender will roll over the loan , I hear you say . Perhaps , but at what rate of interest ? Get the idea ? – start to worry!