Forecast: EUR/USD to Fall to 1.15 in First Half of 2012 | DailyFX
"In the period from 2000 to 2010, Italy held the third-lowest GDP growth rate in the world behind Haiti and Zimbabwe."
.. a race .. with the odds heavily .. in favour .. to the growth of the debt ..
"Italy, the Euro Zone’s third-largest economy, has total public debts representing over 120 percent of domestic Gross Domestic Product."
what a .. debt of over 120 percent of .. Gross Domestic Product .. the burden on the country .. the rate at which it requires to be serviced .. the Dt ..of its rise .. even without the extra burden ..of the fluctuating interest rates ..at which the country .. has to borrow .. to service the debt ..
it is beyond the ..principle upon which any debt .. relies upon ..in order to be productive .. to be serviced .. soleley ..and directly ..by the ..Gross Domestic Product .. and never have to need any extra funding .. to service the debt ..
"The first step must be a credible plan for Italy to meet its debt obligations—likely led by strong fiscal austerity and real commitment to economic reforms to enhance productivity."
Italy's industry .. stretched .. well beyond its capacity .. not only ..incapable .. but thoroughly ..unable to keep up with the debt growth ..
GDP growth rate ..always a ... laggard .. the proverbial carrot dangling in front of a ..donkey .. unreachable .. unobtainable .. it will exhaust the donkey .. the industry ..
debt that ..ceases to be productive .. productivity along these lines ..is a dream .. anyone .. even contemplating such feat .. suffers the consequences of ..the worst ..prank of immense proportions played upon .. the worst joke ..ever
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