Tag Archive: Italy


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  Is the Euro bubble about to burst ?

“With the world’s third largest debt after the US and Japan at €1.9 trillion (£1.18 trillion), it is big
enough to bring the global financial system to its knees. It is also in the front line of contagion as the Greek crisis metastasizes.
    Yields on 10-year Italian debt jumped 16 points to 5.86pc on Tuesday after Italy’s data agency
said the country is sliding even into deeper recession, with GDP shrinking 0.8pc in the first quarter.”