VIDEO: Italy €2.4 Trillion Debt To Create Eurozone Contagion And Global Debt Crisis?

July 9, 2018

Italy is EU’s ticking timebomb as debt nears €2.4 trillion
– Italy’s GDP is just €1.85 trillion; National debt is 132% of economy
– Italy is politically dysfunctional at best of times; Now has populist left / right wing government
– National debt owed to other EU nations alone is 25% of its GDP
– Italy’s debt threatens global GDP; May wipe 0.4% off global GDP

Default to create contagion in EU including a euro currency crisis
– All the focus is on Brexit and trade wars but “Italy is too big to bail and too big to fail”
– “Do not have all your eggs in one basket…”
– “Don’t panic. Diversify, diversify, diversify”

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

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