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Italy Joins The Two-Trillion Debt Club!!!

 
Luisport

User ID: 29847592
Portugal
12/14/2012 09:43 AM

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Italy Joins The Two-Trillion Debt Club!!!
zerohedge @zerohedge 3 min
Italy Joins The Two-Trillion Debt Club [link to www.zerohedge.com]
Luisport (OP)

User ID: 29847592
Portugal
12/14/2012 09:43 AM

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Re: Italy Joins The Two-Trillion Debt Club!!!
As Monti, Grilli, and Berlusconi jockey for the headlines, the nation of Italy will surely be celebrating. Since debt is apparently wealth, the Italian nation has just joined an exclusive club of 'wealthy' nations as its total national debt blows through EUR 2 Trillion. With the trend now growing beyond exponential, having gathered pace since the crisis began in 2008, we suspect it won't be long before we see EUR 3 Trillion (of course entirely backstopped by FT's man-of-the-year Mario Draghi). It appears that it's not 'greed-is-good' but 'debt-is-good' that is the idiom of today's sovereign financiers. [link to www.zerohedge.com]
Luisport (OP)

User ID: 29847592
Portugal
12/14/2012 09:44 AM

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Re: Italy Joins The Two-Trillion Debt Club!!!
scream
NSF001

User ID: 29709969
United Kingdom
12/14/2012 09:53 AM
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Re: Italy Joins The Two-Trillion Debt Club!!!
So ex-Goldman Sachs banker is placed in charge of the country with no democratic process, under the guise of fixing the country then little over a year later he steps aside and the country is more indebted than ever.

wtf
I don't think so,
he's up there with the others laying low,
vying with those who you've traded your life to to bless your soul,
Luisport (OP)

User ID: 29847592
Portugal
12/14/2012 09:54 AM

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Re: Italy Joins The Two-Trillion Debt Club!!!
So ex-Goldman Sachs banker is placed in charge of the country with no democratic process, under the guise of fixing the country then little over a year later he steps aside and the country is more indebted than ever.

wtf
 Quoting: NSF001


ohyeah
NSF001

User ID: 29709969
United Kingdom
12/14/2012 10:13 AM
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Re: Italy Joins The Two-Trillion Debt Club!!!
Right, I got two theories on this one,

remember the GS takeover of Europe thread the other week, well this has been happening for a while, the Independent ran the same story in 2011 so IMO either the Eurozone is totally FUBR, so bad that GS got in there, had a poke around then just thought 'fuck this, it ain't worth it.

The other option is that the ex-GS bankers who were installed throughout Europe were on espionage missions for the US state department/Treasury and have completed their espionage mission, sabotaged systems within the Euro banking zone and are returning home to prepare their cases against the euro banks they sabotaged, to sue them for huge sums, for the duel purpose of keeping America afloat, and further damaging the Eurozone, to keep the dollar as the reserve currency.
I don't think so,
he's up there with the others laying low,
vying with those who you've traded your life to to bless your soul,

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