BBC: Italy's debt is more than 2 trillion euros

[Meatpie]

And that's vastly greater than the "bailout" fund proposed by Merkel and Sarkozy. And what if Spain needs a bailout too?

Europe is going to ruin according to BBC's business editor Robert Peston.

http://www.bbc.co.uk/news/business-15570817

 

[phyzzique]

Amazing that Italy could be so much in debt........they charge $2000 for one Armani suit LOL

 

[platinum]

Ah but berlusconi squanders it all on hookers!

 

[Meatpie]

Amazing that Italy could be so much in debt........they charge $2000 for one Armani suit LOL

That's only in the US. I wear Armani and you can get a brand new suit here for $100, in the summer I bought Armani t-shirts for 20 euros.

On the price tags you can see that some items were prepared for export where they sell them at ten times the price.

Some of the best Armani items are made in Bulgaria at a factory in Gabrovo, central Bulgaria.

Here is a link to source (In Bulgarian).

http://sportline.bg/news/60517/екс-капитан-на-цска-шие-бельото-на-донатела-версаче

 

[mxboots888]

Amazing that Italy could be so much in debt........they charge $2000 for one Armani suit LOL

Invade the Vatican and pillage their opulent treasures and bank accounts! Might make a dent in the economy