"Credit default swaps, which insure against bond defaults, rose to all-time highs on the US, UK, France, Spain, Italy and Germany yesterday. (...)
Italy is considered the biggest concern among other rich nations. Its CDS price is the highest among the Group of Seven nations, standing at 161 basis points, or €161,000 ($204,000) to insure €10m of debt over five years.
Investors are concerned that Italy's debt to gross domestic product ratio has jumped to 103 per cent - the highest in the eurozone. Many analysts forecast it will rise further by the end of next year".
FT.com
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