Phoenix iMarkets compiled from the marketoracle website, if someone read my article, I know in my opinion, China will eventually lead to the global Titanic sinking of the iceberg. China has the most serious overburden in the history and the debt bubble, let alone the obvious real estate and stock market bubble.
But the Chinese government on the economic control of severe, will never let its decline. So, China will not fall the first domino. On the contrary, this undisclosed award may make the lovely and charming Italian win.
The Italians are very interesting and live comfortably. I like to visit this country.
But i dare bet on this country?
In addition to Greece, Italy's government debt in the EU's highest: up to 130% of GDP, but also rising. Greece's government debt is 180%, but at least Greece continues to receive relief, mainly because the country is smaller, the euro will not have any impact.
But if Italy starts to default?
What is going to happen when Italy begins to default?
The country will default!
The vast majority of the eurozone's bad loans are in Italy. Look at this figure.
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