August 22, 2012

Italy's Debt Growth going ballistic!

The fact Italy as reached 1.97 trillion Euro debt is by itself scary but what strikes most in the following chart is the pace of growth that has accelerated tremendously.  
Pre-Euro (1999), Italy's debt was growing at a rate of just less than 2 Billion Euro per month.
After the Euro (2001 until the crisis in 2008), Italy's pace of debt growth almost doubled to 3.8 Billion Euro per month.
Since 2008, Italy's debt load has grown at a stunning pace of 6.4 Billion Euro per month.
In the last nine-months though the pace of debt-load growth surged to 9.5 billion Euro per month.

Buckle Up!

Italy's General Government Debt Load...

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