Italy On The Brink of Economic Collapse & With It Goes The EU
- The Duran
Italy on the brink of economic collapse & with it goes the EU. The Duran Quick Take: Episode 612. The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss Italy’s failing, post covid lockdown economy which has revealed that the country has a staggering €39 billion of repayments due in September and €42billion of repayments in November. Italy now has to either enter ESM austerity, again, or the ECB has to begin a massive money printing cycle to bail out the giant Italian economy.
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