Faculty News | Wall Street Journal | 09
Rome Looks to Italian Families to Fund Its Debt
Re: Dante Roscini
"Domestic retail buyers don't have the same deleveraging imperatives as banks and might be less ruthless in times of stress," said Dante Roscini, Mr. Siniscalco's predecessor at Morgan Stanley and now a professor at Harvard Business School. "Also, a state will think longer before imposing a painful debt restructuring on its own citizens."