Italian job: Can Europe break fall of Rome?
The eurozone crisis is developing at an unprecedented rate and Italy has become the latest country to be sucked into a debt spiral from which it might not return.Prime Minister Silvio Berlusconi is facing his last few days in office as Italy moves closer to the financial brink.
Its bond rates hit emergency levels, close to those which forced Greece, Portugal and Ireland to ask for an EU bailout.
That has sparked panic in global markets amid fears Berlusconi's successor will not be able to prevent the eurozone's third-largest economy from sinking..... MORE
Source: RT.com
URL: http://rt.com/news/italy-debt-eu-bailout-973/
1 comment
kaya binira ang libya with concocted hr violations--contradicted by no less than amnesty international--ay dahil kailangan ng replenishment ng kanilang dwindling treasuries.
"The financial crisis in the EU has morphed into a political one, and Italy is no exception. Prime Minister Silvio Berlusconi has said that his resignation is a certainty and he is actually quite relieved to be stepping down.
"At the moment there are no guarantees that the interim government which will succeed his administration will actually have the political will to push through some of the very necessary anti-crisis measures that the markets are going to be demanding."
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