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Italy has one of the highest savings rates in the OECD and holds considerable household wealth. In fact, the country's household wealth is five times as high as the country's gross domestic product (GDP). None of this appears to add up with the country's miserable public finances. more...

Ray Attrill, Senior Forex Strategist at BNP Paribas joins Song Seng Wun, Regional Economist from CIMB Research to discuss the recent credit rating downgrade's impact on Asia and currency markets. more...

"The debt deal has basically punted the whole problem into the future... and it doesn't really reduce the debt. What is does is it slows the trajectory of growth," Philippa Malmgren, president and founder of Principalis Asset Management told CNBC. "From an investor point of view, you don't see...