Why Italy Could Be the Epicenter of the Next Financial Crisis

Re:Why Italy Could Be the Epicenter of the Next Financial Cr... by Tsubasachan on Sunday October 14, 2018 @06:41AM (#18212285)

Italy is banking on the welfare Northern Europe is giving them. Not unlike how California and New York pay for the US.

If Italy can't lend money they are finished and they know it. Politicians don't believe their own words.

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Re:Why Italy Could Be the Epicenter of the Next Financial Cr... by acifani on Sunday October 14, 2018 @11:58AM (#18213501)

What welfare are you talking about? Italy has been a net payer [0] in EU contributions from since I could remember

[0] https://www.cbs.nl/en-gb/news/2016/50/netherlands-largest-ne...

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Re:Why Italy Could Be the Epicenter of the Next Financial Cr... by Tsubasachan on Sunday October 14, 2018 @02:42PM (#18214371)

The biggest welfare is being in the same political Union as better functioning economies. I shudder to think how expensive it would be for Italy to raise money on the international bond market if it wasn't for the ECB.

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Re:Why Italy Could Be the Epicenter of the Next Financial Cr... by beerlord on Sunday October 14, 2018 @10:56PM (#18217110)

More than offset by the ability to control their own currency and interest rates. They could immediately print away their external debts, for example.

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Re:Why Italy Could Be the Epicenter of the Next Financial Cr... by kome on Sunday October 14, 2018 @12:29PM (#18213658)

You are factually wrong.

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