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Tuff-Stuff

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Re: Tuff-Stuff post# 449885

Saturday, 03/10/2012 8:16:00 AM

Saturday, March 10, 2012 8:16:00 AM

Post# of 648882
VOX<>Italian debt and the survival of the euro


William R. Cline, 10 March 2012

The clouds hanging over the Eurozone seem to have cleared – for now. But it wasn’t long ago that people were looking at Italy and calling for debt restructuring. This column argues that such a move would have triggered bank runs, financial instability, and perhaps the break up of the euro. It says that Italy’s debt is sustainable at current levels so long as the government manages its spending.

http://www.voxeu.org/index.php?q=node/7705

Concentrate, and ASK the 8-Ball!

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