Italian economic collapse bigger threat to EU that Brexit.
 

I know the Brexit thread is on sabbatical and I post this in full knowledge it may be taken down. But I thought this story too important to not share.

Happy for comments to be disabled but I think people should read it.

https://timesofmalta.com/articles/vi....email=0A=0ATo

Re: Italian economic collapse bigger threat to EU that Brexit.
 

It's definatly worth reading.

Re: Italian economic collapse bigger threat to EU that Brexit.
 

One thing compared to the Greek crisis is the banks are better isolated from each other since 2008 plus Italy has been 'on the bring' for a few years ago giving time for banks to reduce their exposures to Italian debt.

Re: Italian economic collapse bigger threat to EU that Brexit.
 

Interesting article in the LSE blog about this.

https://blogs.lse.ac.uk/europpblog/2...urces-of-risk/

Re: Italian economic collapse bigger threat to EU that Brexit.
 

From that:

Isn't that the kind of fiscal slight of hand that got us all in the crap 11 years ago?

Re: Italian economic collapse bigger threat to EU that Brexit.
 

No - that was all about hiding bad debt in CDOs with other debt; this is all out in the open, so people know the amount of risk involved.

Re: Italian economic collapse bigger threat to EU that Brexit.
 

I don't think we need worry about Italy, maybe look closer to home...
https://www.bbc.co.uk/news/business-49027889

Re: Italian economic collapse bigger threat to EU that Brexit.
 

The office for impending doom peddling more project fear;)

Re: Italian economic collapse bigger threat to EU that Brexit.
 

If that is true, then accepting the Withdrawal Agreement would only delay it by a year. How come Germany only narrowly missed being recession?

Re: Italian economic collapse bigger threat to EU that Brexit.
 

They manipulate to their advantage?

Re: Italian economic collapse bigger threat to EU that Brexit.
 

Re: Italian economic collapse bigger threat to EU that Brexit.
 

Re: Italian economic collapse bigger threat to EU that Brexit.
 

Strangely enough, I’m not - I tend not to look forward to things that could impact hundreds of millions of people adversely, and could put multiple countries into recession, negatively affecting those who can least afford it.

Re: Italian economic collapse bigger threat to EU that Brexit.
 

Spot on. This is the problem with ideologies, people lose sight of the human aspect.

Re: Italian economic collapse bigger threat to EU that Brexit.
 

I don't think many people actually want that to happen, Seph, but sadly I think it will. And I say again, we don't want to be in its sphere when that happens.

Re: Italian economic collapse bigger threat to EU that Brexit.
 

Re: Italian economic collapse bigger threat to EU that Brexit.
 

All the more reason for us to get out now!

Re: Italian economic collapse bigger threat to EU that Brexit.
 

Just don't mention the 'B' word!

Itis really worrying. The southern European economies are weak, and another crash like 2008 is going to affect all of them. They may have more resilience, but I suspect it is nowhere near enough.