The neighboring EU is not doing any better and maybe heading to the crumble of Eurozone - though not immediately.
Italy is now living basically on the debt funded by Northern European countries and soon this might come to the end with the widening spreads and markets not believing Italy’s ability to serve its debt. Either the money printer must brrrr, with massive inflation, or Italy, maybe Greece and Spain to default their bonds.
Italy is now living basically on the debt funded by Northern European countries and soon this might come to the end with the widening spreads and markets not believing Italy’s ability to serve its debt. Either the money printer must brrrr, with massive inflation, or Italy, maybe Greece and Spain to default their bonds.
https://www.reuters.com/business/finance/some-european-state...