Post Tagged with: "Italian debt"

March 7, 2013 08:06

An Infinite Amount of Money – Et Tu, Italy?

Too many in power just don’t see the impending crisis that you and I see, or at least they don’t see the need to act now.

November 15, 2011 07:40

Chance of 2012 US recession tops 50%

European debt problems in Greece and Italy could drag down the US economy. Italy’s $2.4 trillion debt is a ruinous milestone which could trigger sovereign bank failures. Promised austerity measures will impact trading. Europe accounts for 21% of US exports.

November 9, 2011 11:05

European debt could impact US economy

The dominoes are beginning to fall. First Greece now Italy. Austerity measures required in Europe to bail out these bankrupt economies could cause a recession in the US economy. Europe is a big buyer of US goods and services.