Re:Euro area is back on the brink of recession
by toyg on Tuesday January 22, 2019 @08:35PM
(#18974880)
Italy has had the same debt levels for almost 30 years now. Who could lose faith, has already lost it a long time ago. And a lot of that debt is internally held anyway.
If necessary, Italy will again be put under special measures as it was at the end of Berlusconi’s run; but it will never, ever default. Italians will self-tax to death before they default on their public debt, because too much of that debt is with themselves.
If necessary, Italy will again be put under special measures as it was at the end of Berlusconi’s run; but it will never, ever default. Italians will self-tax to death before they default on their public debt, because too much of that debt is with themselves.