Relevant:
- Italians Cut Spending in Worst Christmas in 10 Years; Debt in Spanish City of Gandia 50% Higher than Previously Reported; Harsh Times Ahead for All Europe
- Norway Dumps Ireland, Portugal Bonds on Euro Crisis
- Italy, Spain Cut by Moody's; U.K. Top Rank at Risk
- Italy could trigger Europe's next financial crisis
- Efforts to Halt the Euro Crisis Ineffective in Southern Europe
2012-07-02 — infowars.com
The European debt crisis continues into its third year, with four government bailouts -- of Greece, Italy, Portugal, and Spain -- and having imposed harsh austerity measures upon the people of Europe, forcing them to pay -- through reduced standards of living and increased poverty -- for the excesses of their political and financial rulers. Italy, as Europe's third largest economy, with one of the largest debt-to-GDP ratios, plays a central role in the unfolding debt crisis across Europe.
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