Italy's announcement of a tentative budget deficit goal of 2.4% of GDP over 2019-2021 could compound the country's existing debt sustainability challenges. This represents a significant risk to Italy's A-/Negative Outlook ratings.
Within the large investment banks, special teams consisting of 10 to 30 people have been assembled in order to develop rescue kits designed to face all types of scenarios resulting from a breakup of the Eurozone.