Sunday, February 15, 2009

You Know You Are in Trouble When...

. Sunday, February 15, 2009

...the Italian Finance Minister accuses of you of borrowing too heavily. "Last week Giulio Tremonti, Italy's finance minister ... gave a tart review of the Obama administration's stimulus in a local newspaper here in Rome. 'If the problem is an excess of debt, the cure is not adding more debt, whether that debt is public or private,' he wrote in the Corriere della Sera. Italy is one of the most indebted countries in Europe. Its debt surpasses its annual gross domestic product."


You Know You Are in Trouble When...




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