Source: International Monetary Fund.
It has been correctly quoted that picture speak more than the words. So what does the graph looks like, Not more can be said for them as we focusing on Europe back again. It can be put in perspective that Spain got a bailout sorry they are negotiating their banking bailout.
Greece, got the series of bailouts and the omens showing that Greece’s non-timely payments of less than the amount owed to be a default — and we can expect Greece to leave the euro zone before 2013 is over.
So Guys Italy on the radar !!
Banks don’t have a huge amount of debt, the government does, especially when compared to the size of its economy. That could put Italy next in line for a bailout.