Monday, November 14, 2011

Father, Italy has sinned!

It is not just Silvio the sinner, now Italy as a nation is considered to be condemned by the original sin.

I am not sure that Ugo ever considered that the idea he developed for Latin-America could be used for his own country!

So now seems to be clear, not just developing countries or emerging markets suffer from the course of public debt in foreign currency, but also former developed countries (Italy, Spain, Greece).



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