Our studio guest is Hans-Peter Burghof from the University of Hohenheim. We'll be discussing the situation in the EU und and the problems caused by ever increasing debt and the continuing bank crisis.
Political turmoil reigns again in Italy, and the likelihood of an anti-euro government taking charge is stronger than ever. For the EU, an Italian euro-exit is unthinkable and would make Brexit look like a picnic.
The ECB has warned the new Italian government to stick to EU budget rules rather than launch into new spending projects, given its €2.3 trillion debt. Eurozone finance ministers took a softer line.
The International Monetary Fund (IMF) has called on Italy to launch urgently needed economic reforms to accelerated anemic growth and head off a looming crisis in its financial industry.
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