Can Italy Save Europe?
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  • Kris

    Italy’s problem is an “abrupt re-pricing of Italian risk by increasingly nervous investors”. And yet one hears no end of Americans claiming that not only is the current U.S. debt sustainable due to the low interest rates, but that those low rates should be taken as an incentive to go even deeper into debt. Ignorant people such as myself worry about what will happen if the interest rates go up, but we are apparently just being silly; what are the odds anything like that could happen?! After all, who could ever doubt the Full Faith and Credit? And anyhow, what other choice do them foreigners have?

  • Jim.

    Germany’s austerity package worked well. What can we learn from the differences in those situations?

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