Italy Is Closer To Collapse Than Anyone Realized, And So Is The World

Italy Is Closer To Collapse Than Anyone Realized, And So Is The World

http://static7.businessinsider.com/image/4ed281496bb3f7ea0300000f-398-298/italy.jpgSome stories in European press (La Stampa -) suggest that Italy is working on a very big loan package from the IMF. I have no doubt that there are ongoing discussions. There has to be. Either someone puts a finger in the dike or Italy goes tapioca.

That thought is difficult for me to fathom. How could we be so close to the brink? At this point there is zero possibility that Italy can refinance any portion of its $300b of 2012 maturing debt. If there is anyone at the table who still still thinks that Italy can pull off a miracle, they are wrong. I’m certain that the finance guys at the ECB and Italian CB understand this. I repeat, there is a zero chance for a market solution for Italy. Either the ECB (aka Germany) steps in and underwrites the debt with some form of Euro bonds or the IMF (aka the USA) steps in with some very serious money.

more

Zero Hedge link

Views: 98

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
9 hours ago
Doc Vega's 7 blog posts were featured
yesterday
tjdavis's blog post was featured
yesterday
Burbia's blog post was featured

Mystery illness strikes Russia with fever, blood symptoms, and no cure in sight.

I guess releasing this bio-weapon upon Israeli neighbors would be hitting too close to home. I…See More
yesterday
Less Prone commented on Doc Vega's photo
Thumbnail

main-qimg-357a10f7111dcf87a3cc6e2afad83855

"Islam is only a phase preceding a total Talmudic rule and a new world religion."
yesterday
Less Prone commented on tjdavis's photo
Thumbnail

WWRJD

"I doubt a d-rat Jesus would be better. Much worse. “Politicians are the lowest form of life…"
yesterday
Less Prone favorited tjdavis's photo
yesterday
Doc Vega posted blog posts
yesterday
cheeki kea commented on cheeki kea's photo
Thumbnail

Lost History

"The Tartar wall - aka The Great Wall of China is hundreds of years old and was up and running in…"
yesterday
cheeki kea posted a photo
yesterday
tjdavis posted a blog post
Friday
tjdavis posted a photo
Friday
Doc Vega posted blog posts
Thursday
Doc Vega posted a photo
Wednesday
Doc Vega posted a blog post

No Place to Hide

Stumbling through this confusing lifeLike a blunt and rusty knifeSo why is there all this…See More
Wednesday
Burbia posted a blog post
Wednesday
cheeki kea posted a photo
Wednesday
cheeki kea commented on cheeki kea's blog post Vaccines Cause Autism: The Burden of Proof has been met.
Wednesday
cheeki kea posted a blog post
Wednesday
tjdavis posted a video
Wednesday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted