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Italy’s Amazing Shrinking Economy

August 8th, 2012 Comments off

The Italian government just announced Q2 GDP figures, and they are, as they say in Rome, “Not so good.” Italy’s economy shrank by .0.7 percent, and by 2.5 percent from exactly a year ago. It is clear that Italy is immersed in a profound economic crisis, with dangerous ramifications for the entire Eurozone.

Italy is the largest economy within the group of five Eurozone members dubbed the PIIGS, nations with  disastrous sovereign debt problems. Greece was the first, and Italy may be the last, but the Italian economy and its staggering sovereign debt are far too large for a bailout. That is why Italian Prime Minister Mario Monti is sounding increasingly desperate, and whispers are growing louder that the only hope of saving the euro is for the European Central Bank to print money at warp speed, in the process inducing massive inflation. In  other words, inflating away the value of Europe’s sovereign debt, even at the expense of the currency’s value-and the integrity of life savings of ordinary citizens- may be the last grasp for Eurozone politicians who are so up against the wall, they may be tempted to undertake policy measures that until recently were deemed unthinkable.

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 To view the official trailer YouTube video   for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.