Italy Next to Seek EU Bailout: Wealth Manager

``Italy is next in line to seek a bailout from the European Union and the International Monetary Fund as a 'slow-motion banking crisis' unfolds in the country, Felix Zulauf, President of Zulauf Asset Management said... "Everyone is focused on Spain. I think the next country to go is Italy," Zulauf told delegates at a conference in Edinburgh. "What I notice is a tremendous deposit outflow. It's a slow-motion banking crisis, and the banking system has been the big buyer of government bonds in Italy," Zulauf said.''