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
Some 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
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
What They Told Us About Health and Now it’s Completely Reversed?
Remember growing up that they told us all of these rules of thumb when it came to your…See More
G99Gt39XEAAyu6Y
"Judges with bad judgement should be working somewhere else. When political affiliation surpasses…"
"Less Prone, this Carlos guy has a unique artistic approach but it's not proof. There's…"
KILL THE MESSENGER - Hero Journalist Featurette - In Theaters Friday
In this featurette “Gary Webb: Hero Journalist,” Jeremy Renner (Webb), director Michael Cuesta, Sue Webb and others explore the real man, investigative journ...
"Yes. One of their functions is distraction, but they also bring chaos and crime and change…"
A Masterclass Is Being Played Out For Those Who Have The Eyes To See
A question can be asked, why do Jews want a multicultural community in a host society? It is to…See More
City of Joel - Official Trailer
Now Available on Digital - http://bit.ly/2uxDibn50 miles north of New York City, the town of Monroe is a microcosm for a hyper-partisan and divided nation as...
"Less Prone excellent points and I've seen that video too. Very informative! "
"Less Prone thanks for your support! "
"Less Prone, you are exactly right! They have been harvesting fetal tissue in vaccines for quite…"
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network