The political crisis was also able to ask Italy under the EU rescue umbrella, Berlusconi reacts with the adoption of a savings package in front of the distrust vote
Although Greece has solved the debt champion Italy at the top in 2009, but the public debt was already in 2009 on very unhealthy 116% of gross domestic product (GDP) swollen. In 2010, after previous information from Rome, a deficit of 5% is expected again. Before the Scandal Minister Prosident Silvio Berlusconi on the 14th. December must face a mistrust vote in Parliament, he brought another austerity package on Tuesday. He wants to prevent the rising nervousstate from rising in investors to panic and also saved Italy for further rising interest rates in the bankruptcy. The political crisis in the country demands this scenario.
It is happy to speculate that after Greece and Ireland now Portugal and Spain are the next bankruptcy candidates (Greece, Ireland, Portugal — and soon Spain?To). This is right on the one hand, because speculators use the economic interdependencies, for example, for example, the smaller Portugal to use the lever on the fourth grave Euroland Spain, but with the economic basic data, this has little to do. This is especially clear that the example of the heavyweight Italy, which is already on the basis of extreme debt "Liaison" The International Truth Fund (IMF) was warned in September. Specifically, the country has actually increased a priceless debt burden of almost 2 trillion euros. With this total, even the larger and more powerful Germany at the top of the debt makers in Europe.
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