Italy starts to have problems too - level 3
The problems with Greece are not over yet and we have another country in deep trouble. It is Italy. But Italy is not the same as Greece. It is one of the biggest economies in Europe and its collapse would have terrible consequences.
Greece will probably go bankrupt sooner or later but Italy can be saved. Italy doesn’t have as much debt as Greece and Italy can make more money this year than it spends. So the country is solvent and it can pay its debt without problems if its economy grows 2% a year. Experts say it is possible.
Written by Danny for News in Levels
Interesting words: yet, consequences, solvent.
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