December 2016

[admin]

And here is another thing that can go wrong,

Although it is a founding member of the EU, Italian public support for the European project is among the lowest in Europe; it is the eurozone’s third largest economy, but its economy is the same size as it was in 2000; and it still has the third largest sovereign debt burden in the world, after the US and Japan. Italy could yet pull the eurozone apart – and indeed the EU.

Europe's make-or-break country: What is wrong with Italy's economy? | Centre for European Reform

Although again that doesn't mean it necessarily will, as we warned about this as far back as 2014, and so far they've plodded on..

Today even a 20B euro bank rescue plan, no less.