Thread: Financial Crisis Bank News [was: How Safe is UBS?]
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Old 04.04.2010, 20:04
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Re: Financial Crisis Bank News [was: How Safe is UBS?]
Quote:
Cashboy
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...
Oh; and maybe somebody could explain to me why Italy is not in deep deep sh!t as its finances do not make sense to me?
The answer is here:
http://en.wikipedia.org/wiki/File:St...doPIGSengl.PNG
Italian fiscal deficit (as fraction of GDP) is -5% which is same as Germany. Compare that with -13% for US and GR.
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