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Italy warned by ECB and IMF over reforms
http://www.bbc.co.uk/news/business-15611936
Note: Update record,6 November 2011 Last updated at 13:45 GMT |
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Italy government borrowing rates hit euro-era high
http://www.bbc.co.uk/news/business-15617132
Note: Update record,7 November 2011 Last updated at 17:20 GMT |
Hardly earth shattering news anymore :doh:
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Italy's Berlusconi faces key vote amid economy fears
http://www.bbc.co.uk/news/world-europe-15631265
Note: Update record,8 November 2011 Last updated at 03:00 GMT |
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Viagra prices are soaring whilst the economy collapses.
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^:haha:
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:salute:
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Berlusconi or no Berlusconi, ZeroHedge just put out a report by Barclay's to stick a fork in Italy, because it's done. Beyond the point of no return mathematically:
http://www.zerohedge.com/sites/defau...e%20itself.pdf According to them, 5.5% yield was the point of no return for Italy, the event horizon. Lately I've read people, say nah, that's 7%, and then even 8% as the yield now approaches 7%. Note their conclusion is only the ECB can save Italy by massive printing. And that will happen over Germany's dead body. |
Since Berlusconi is removed from the picture, it will probably be
"change" but in any form will be interesting, as even Italy, is in trouble economically .... but which countries within the Union have a fat wallet? :hmmm: |
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