Italy in spiral to default, Spain could swing to just miss the same fate

 

 

 

By Christopher Hessman

http://ProvenAutomatedBiz.com

Peoples of Europe you need to keep your savings close.  The countries weighed down by large debt, the smarter so called think tank  advise "good" and "bad" economic scenarios for both.  Italy will not avoid its fate if a large economic growth does not come soon.  

The Italian Prime Minister Silvio Berlusconi addressed parliament, saying the economy was "strong" and the nation's banks "solvent".  What he didn't say is the economists believe that the euro zone's third largest economy risks being engulfed in the debt crisis. 

 

There was a report published that Italy's debt would rise from 128% of annual output to 150% by 2017 if bong yields stay above the current 6% and growth remains stagnate.  

The cost of borrowing goes down to 4% with debt-GDP ratio stays at 123% in 2018. 

 

 In Spain their debt is would climb to no higher than 75% of national output, so you in Spain keep your "rabbits foot warm".  

We here in the states are also crossing our fingers and toes until 2012 to take back our country!

We all need to say a prayer that the World gets back to peace!