By Zoe Chace
Originally published on Mon October 31, 2011 6:51 am
Italy needs the backing of Europe's bailout fund. But Italy's a huge economy — much, much bigger than Greece, Portugal, and Ireland combined. And the Europeans don't want to put enough money into their bailout fund to back Italy.
So they're getting creative.
The rest of Europe is likely offer investors insurance that will pay back the first 20 percent of any losses on new Italian bonds.
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