Public debt, S&P: “Resistant to a shock on rates, even in Italy”

Sovereign debts shock proof on interest rates, or almost. The increase in the cost of money that many believe to be inevitable on the part of central banks to keep inflation under control that is rising beyond expectations does not actually seem capable of putting public finances at risk in the main advanced countries, globally and even in the emerging world. To support it is S&P Global Ratings, who conducted a stress test assuming a increase up to 300 basis points rates …