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1
GraooGra
2012 Jun 13, 12:35pm
GraooGra
2012 Jun 13, 12:35pm
And here is the link to the funny video which explains everything:
http://www.testosteronepit.com/clarke-and-dawe-european-debt
3
Vicente
2012 Jun 14, 5:07am
Vicente
2012 Jun 14, 5:07am
What idiot thought it was OK to include Italy in the Eurozone?
You think the Mafia waits for an invitation to anything?
"A full-fledged bailout of Italy is a theoretical construct, anyway. As the third largest economy in the Eurozone, it’s too big to get bailed out by the Eurozone. Of the 17 member states, five, if Cyprus is included, are already being bailed out. Leaves 12, including teetering Italy, to pay for them. If Italy falls, the two major countries left standing to bail all of them out would be Germany and France. An impossibility.
[...]
The US had hundreds of years and a civil war to figure out how to manage its common good. The Eurozone is a group of 17 independent nations with ancient cultures. Uniting them into a federal arrangement will take decades, if it’s even possible. But the debt crisis is here now. Italy is running out of options. Spain is hopelessly in trouble. Greece has hit the wall. And turning that fiasco overnight into a healthy United States of Europe is an illusion.
http://www.zerohedge.com/contributed/2012-06-13/italy-trembling-brink