Quote from traderslair:
Problem is that Europe has not enough money to bail out Italy.
European leaders will come out with something new that will push it higher again.
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
