In the first quarter of 2012 it seemed that Goldman Sachs believed in Italy, so much so that it had started buying numerous sovereign bonds. But in recent months he seems to have changed his mind. Indeed, in the second quarter, the American investment bank reduced its exposure to Italian debt by 92%. This was announced by the American market security agency, the SEC, specifying that "market exposure" to Italian sovereign bonds fell to 191 million dollars at the end of June from 2,51 billion at the end of March.
Goldman Sachs, on the other hand, is stocking up on derivative securities to protect itself from a possible default by Italy.
