https://pm.haifa.ac.il/index.php?feed=atom&target=SpencerKyles641z&title=Special%3AContributionsP-MART wiki - User contributions [en]2026-04-26T12:03:15ZFrom P-MART wikiMediaWiki 1.15.1https://pm.haifa.ac.il/index.php?title=SpencerKyles641zSpencerKyles641z2012-03-15T01:49:58Z<p>SpencerKyles641z: Created page with 'Italy has moved to centre stage in the eurozone debt crisis. While Greece generated a lot of noise, it is now seen as a sideshow. Greece's debt problems are already widely know…'</p>
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<div>Italy has moved to centre stage in the eurozone debt crisis.<br />
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While Greece generated a lot of noise, it is now seen as a sideshow.<br />
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Greece's debt problems are already widely known and the immediate consequences of a Greek default largely anticipated.<br />
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Moreover, the size of the Greek economy is small enough that the direct damage, if Greece stopped paying its debts, should be quite manageable for the eurozone.<br />
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Instead, the big fear is "contagion" - that a Greek default could trigger a financial catastrophe for other, much bigger economies - in particular Italy and Spain.<br />
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And it seems it is Italy that is now seen as the lead candidate for that contagion. But why is this?<br />
.</div>SpencerKyles641z