Italy has enough money to bail out itself In front of 1.9 trillions of public debt, Italy has a net wealth of 8.5 trillions Italian people has to buy the debt hold by foreign intitutions 46% of the total amount and the problem is solved. Period Like in Japan Japan has the biggest public debt in the world and the Yen is the strongest currency. Why? Because the entire debt is own by japaneses
The ONLY way Italy can survive, and avoid causing another global meltdown like 2008 is if they sell themself (the entire country) to China. And im actually not joking, Italy is soon to be a bankrupt country, however it has trillions and zillions of pounds worth of value in its natural resources like its luxury beaches and hotel resorts along the coast, and all the historical landmarks, so the only way they can save themself is to sell themself to china.
That's not true. Are you Italian? Because that's the only way I could accept you typing this. Italy has exactly 0 eurocent net wealth. They have a big mouth though.
Italians do have hundreds of Billions stashed in Switserland... Europe should allow all money to be put in the banks without questioning its origin.
It's funny but I'm Belgian and just as Italian household wealth it doubled since 2000 or so. Has to be simply inflation really for a significant part.