The International Monetary Fund is not allowed to state this openly but that is the message of its latest Fiscal Monitor.
Para_glider69 That's OK Britain will pay the debt off the EU only have to tell may to do it and she will go to the money tree AKA the NHS and DWaP
Oh gosh we've all been told we can't afford to stay out
The Italians are not idiots as you imply. You have over looked the fact that Italy has not privatised except for piddling little Alitalia and consequently has a huge amount of state owned assets to offset the deficit - the Govt runs a CA surplus which is the 3rd largest in the EU
I have lived between Italy and the UK since 1980, the damage done to the Italian economy by the €uro imbalance in exchange is astronomical, the quotas imposed by Brussels has ruined the Southern Italian agriculture, they’ll go next.
Italy is bankrupt, nobody reports about this.
Chuckles in Collapsitarian
And because the U.K. is still in the union we will have to help bale them out !!!!!!
SteveBakerHW leave befor it implodes, Italy France Germany Greece, you could go on they're all in financial distress mainly because of Germany's using the eu as its personal club, they don't want the uk, just it's money and May has played right into their hands, no input just pay our subs
wardj15 I hope they vote to leave. Then the EU can try to sort that mess out while we leave
SteveBakerHW The reasons to leave keep piling up .....
SteveBakerHW More project fear.
The EU imposed burden of uncontrolled immigration must have increased Italy's debt burden even more.
SteveBakerHW But, but, Italy’s in EUtopia....... RemainChaos
SteveBakerHW Macron is an idiot but his idiocy pales into insignificance by comparison with our very own ERG members.
The EU is collapsing as its countries are going broke and people are protesting the globalist policies across Europe.
DouglasCarswell Yawn!! Weekly Ambrose Evans-Pritchard article
😂😂😂😂😂 More risible rubbish from the Telegraph doomsayer.
The Italians are used to chaos. It's in their genes. The French are just wankers. Sorry.
On the one hand you have the IMF, who haven't got a forecast correct in living memory. On the other hand you have the European Commission who caused this whole problem by fudging entry requirements for Southern European economies. Conclusion...... Doomed!
And Napoleon is about to get a shock too. He's soon to be an ex president.
michaelwhite I told you to watch this space - its not like Greece this time because Italy it to big for the criminal EU to f*** to save the defective currency instrument called the Euro
DouglasCarswell The 39 billion WA fee will seem like small change when the UK is asset-stripped to bail-out the next EU recession...
Says the man who confidently predicted Greece's exit from the EU
Be afraid, very afraid!