The Wall Street Journal's Min Zeng reported on BlackRock'sbuying of Italian bonds almost a month ago, but Reuters has picked up on the news this week. BlackRock's chief investment officer of fixed income Rick Reider spoke with slightly more caution in his interview with Reuters' Valentina Za, however.

Reider told Za that the rich country's good export capacity should benefit from the European Central Bank's support. Italy's economy didn't shrink as much as previously predicted, Za writes, but political chaos could be rearing its ugly head; specifically, Silvio Berlusconi's ugly head if his party regains power.

Reider was quoted by Za as saying that Italy's political process required some monitoring as instability may strike again.

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Edited by: Casey Quinlan


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