2012-07-02infowars.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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