Italy in recession; Greece receives bail out; Spain the new challenge

Tuesday, March 13th 2012 - 00:56 UTC

Full article 11 comments

Italy is in recession, final data confirmed Monday. Italy's economy shrank 0.7% in the fourth quarter of 2011, following a 0.2% decline in GDP in the third quarter. Read full article

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Marcos Alejandro
“Italy in recession; Greece receives bail out; Spain the new challenge”
And UK National Debt Surpassed £1 Trillion.
Mar 13th, 2012 - 01:12 am - Link - Report abuse 0
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DanyBerger
11 trillions Marcos including external debt. And next to fall into sovereign debt crisis.
Mar 13th, 2012 - 06:21 am - Link - Report abuse 0
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Xect
Haha here are the resident space cadets.

Yet back in the real world the UK still holds the highest credit rating in the world (which even the US does not have) and has a very stable economy.

Let me remind you, Argentina is still the country with the highest inflation at over 25%, it disobeys the IMF and is raiding its internal reserves to keep paying its bills.

But hey lets not let facts get in the way of the usual Argentina dribble. Argentina could only dream of having an economy like the UK's you bunch of jealous half-witted idiots.
Mar 13th, 2012 - 08:13 am - Link - Report abuse 0
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GreekYoghurt
@1,2 Do you folks know what the debt profile is like? We don't have to pay all that debt off at once, so long as we pay it off at the right time. That's because we're a good country, and your country is not a good country.
Mar 13th, 2012 - 09:38 am - Link - Report abuse 0
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DanyBerger
@3 Xect
“Argentina could only dream of having an economy like the UK's you bunch of jealous half-witted idiots.”

Do yo mean jealous of having a new recession?
http://www.thisismoney.co.uk/money/news/article-1616085/Economy-watch-Is-Britain-heading-recession.html

@GreekYoghurt
Do you know that UK is just only paying interest with more debt and Money Emission and that debt burns even more?
Mar 13th, 2012 - 09:53 am - Link - Report abuse 0
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GreekYoghurt
@5 You know that's not entirely true. Once a country gets into that state they become a risk and their credit rating drops significantly. Read an easy book on economics, thanks.

So why are you upset about good countries doing well?
Mar 13th, 2012 - 10:41 am - Link - Report abuse 0
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briton
Basically there is only two things you can really do with debt,
1, pay it of, no matter how long it takes.
Or
2, just renegade on the debts and refuse to pay it, and start again,
[Most of the world are in the [1] category]
The welchers come in the 2nd, [fact]

.
Mar 13th, 2012 - 06:27 pm - Link - Report abuse 0
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GreekYoghurt
When Spain sinks, does the captain have to remain aboard? In know in Italy the captain is typically the first one off the boat.
Mar 14th, 2012 - 10:33 am - Link - Report abuse 0
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Conqueror
@1, 2 & 5 And still the UK's economy is a thousand times better than argieland's. See, the UK pays it debts. Two words that argieland couldn't honestly put in the same sentence. Ooops, shouldn't have used the word “honestly”. Another word argieland couldn't use!
Mar 14th, 2012 - 02:28 pm - Link - Report abuse 0
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briton
Why do some countries always blame and drag in the brits when they are in trouble and need a distraction,.
Mar 14th, 2012 - 07:28 pm - Link - Report abuse 0
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DanyBerger
If you are paying back how is that is increasing so fast?
Mar 14th, 2012 - 11:00 pm - Link - Report abuse 0
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