I'm still trying to find the source, but I skimmed over an article somewhere stating that Italians who got mortgages in the past year are having a terrible time paying for them at an almost 1-5 rate.
Italy is another one under budget pressure and my personal opinion is that the EU governments are trying to make it sound 1 billion light years away from what is really going on.
This soverign debt is going to spread like a prairie fire.
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