Up Next in the Bailout Line: Italy?

So.  Spain got a bailout (and continues to negotiating their banking bailout).

And, Greece got repeated bailouts. (I still consider Greece’s non-timely payments of less than the amount owed to be a default — and I expect them, to leave the euro zone before 2013 is over).

Who is next in the banking handout parade?

Why its Italy!

Italy’s banks don’t have as much debt relative to some other nations (Spain) but their government does relative to GDP. Bravissimo!

Ciao, Italia!

 

click for larger graphic
Will Italy be the next in line for a bailout?

 

Source:
As world economic growth ebbs, talk of new stimulus surges
Howard Schneider
Washington Post, June 12, 2012
http://www.washingtonpost.com/business/economy/as-world-economic-growth-ebbs-talk-of-new-stimulus-surges/2012/06/12/gJQAMSX5XV_story.html

This post originally appeared at The Big Picture and is posted with permission.

2 Responses to "Up Next in the Bailout Line: Italy?"

  1. pik   June 13, 2012 at 12:23 pm

    wonder why US and UK not included in the charts..

  2. Donsolidad   June 14, 2012 at 8:35 am

    Because the US and the UK have their own currencies.