Italy

Italy and Greece, fear and friends

The euro debt crisis which started in Greece has threatened Italy now. Berlusconi is being pressured to step down from the public. He proposed austerity measures much like Greece had and I suppose due to this we should expect the same reaction. There is now stress as both Greece and Italy work tirelessly to get this debt crisis worked out.

This is a problem of institutions. Diplomatic negotiations will surely take place in the coming months as they have for many weeks before. This means that all of Europe, or at least those affected, must contribute or face a debt crisis. This will promote the well being of all states.

Liberal

http://www.kyivpost.com/news/world/detail/116727/

http://www.bangkokpost.com/news/world/265795/europe-warns-debt-crisis-dragging-it-towards-recession

November 11, 2011 at 03:13 am