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Intel Corporation Message Board

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  • pakaushik pakaushik Dec 10, 2012 11:09 PM Flag

    Is USA already in Recession? Technically, Yes.

    Italy's roughly 120 percent of G.D.P., its growth-hobbling government debt is second only to Greece’s among euro zone members. Although it has run a budget surplus, minus debt costs, for several years, the Italian government spends about 16 percent of that budget on interest payments — a bill that began to rise in the summer of 2011 as investors and creditors began to fear that Italy cannot escape Europe’s debt crisis.

    Italy is often now described as Europe’s “too big to fail’' economy. The amount of its debt held by foreigners — nearly 800 billon euros — is more than that of Greece, Ireland and Portugal combined.

    Sentiment: Strong Sell

 
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