Everyone's going nuts over Italy today.
The Italian stock market is tanking, 10-year bond yields are going through the roof, and no one trusts Italy's corrupt, sex-crazed PM Silvio Berlusconi to do anything about it. Things are so bad that Greece is jealous.
But in case you're still wondering what all the fuss is about, here's a cheat sheet to the Italian mess.
Italy's 2010 GDP was $2.055 trillion.
That makes it the eighth-largest economy in the world and the fourth-largest in Europe.
Source: IMF Statistics
Italy's gross public sector debt amounted to 119% of its GDP at the end of 2010.
That's the second-largest percentage of public debt in the Euro-zone.
In comparison:
Greece: 142.8%
Belgium: 96.8%
Ireland: 96.2%
Portugal: 93.0%
Spain: 60.1%
Source: Eurostat
Unemployment stood at 8.6% for the first quarter of 2011.
Source: Italian National Institute of Statistics
See the rest of the story at Business Insider
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