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"Italy's debt and deficit in 2012 amount to €325B. IMF's available global resources are...

"Italy's debt and deficit in 2012 amount to €325B. IMF's available global resources are €291B. Italy can't be bailed out ->default," tweets Megan Greene (@Economistmeg).
Comments (4)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    And......so....but gold and silver are down....I am laughing...got gold...better get it soon...like two years ago
    9 Nov 2011, 09:40 AM Reply Like
  • bbro
    , contributor
    Comments (9912) | Send Message
     
    The figure I have seen is 250 billion euros...remember 48% of Italian debt is owned
    by domestic investors
    9 Nov 2011, 09:41 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    "remember 48% of Italian debt is owned by domestic investors"

     

    Does that mean that Italian savers (investors) will be wiped out?
    9 Nov 2011, 10:23 AM Reply Like
  • Anwar Bhamla
    , contributor
    Comments (97) | Send Message
     
    IMF or ECB do not have to buy 100% of Italian debt to restore confidence. 10% will do the job just fine.
    9 Nov 2011, 09:54 AM Reply Like
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