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Italy is currently seen as the EU country most likely to collapse financially. There were severe doubts about what was going to happen when a new government was
by gpvos 8y ago
Italy is currently seen as the EU country most likely to collapse financially. There were severe doubts about what was going to happen when a new government was inaugurated a month or so ago. Spain is also not doing very well, but not in short-term danger. US and UK are doing much better (I don't know much about Japan).
- twunde 8y agoEven worse is that several of the major Italian banks have a large exposure to Turkey including UniCredit. Italy has the worst youth unemployment in the EU[1]. Consequentially, there was a large amount of drug use in the city I lived in. https://www.thelocal.it/20170718/italy-european-union-most-highest-percentage-neet-unemployed-young-people-millennials https://www.thelocal.it/20170718/italy-european-union-most-h...
- deleted 8y ago[deleted]
- benatkin 8y agoI don't feel like the US is doing better. The public debt as a percentage of the GDP isn't the only public debt number that matters. The absolute number and the public debt per capita also matter.
- gpvos 8y agoWe're drifting off topic, but as long as the dollar remains the world's reserve currency, the US nearly can't fail financially.