Watching the dominos start to fall. Italy's turn...

[Katashi_itto]

G20 calls on Italy to reform to avoid Greek-style collapse


The leaders of world biggest economic powers turned their attention on Italy on Friday, pressing for measures to prevent Rome from following Greece into the abyss of debt.

As the leaders put the finishing touches to a G20 summit statement designed to kickstart global growth and rebalance trade, senior European Union officials said Italy’s economy would be put under IMF surveillance.

Italy bridled at the claim, insisting its measures were being monitored by the European Commission with only “advice” from the world’s top lender, but Prime Minister Silvio Berlusconi’s reforms were clearly under scrutiny.


And there was no let up in pressure on debt-laden Greece, whose ongoing political and economic crisis still hung heavily over Cannes’ rain-lashed seafront summit venue, as an example of the threat facing Italy

http://www.rawstory.com/rs/2011/11/04/g20-calls-on-italy-to-reform-to-avoid-greek-style-collapse/

[CoffeeCat]

1. Iceland said HELL NO...Italy can too...

Iceland said NO to the IMF and the World Bank--deciding to free themselves and heal their nation on their own.

They are progressing just fine--and they are FREE.

Can you imagine--being free of these banksters in the United States? It would be worth it to endure a period of uncertainty and instability--if the
end result is to be free of these mafia-bankster thugs.

Seriously. Look at what they have done in this country. They've bribed our politicians. Infiltrated our government to the point that THEY DICTATE from the inside--how
their own banks will be regulated and allowed to operate. Then, they crash the housing market--and force us to pay for their criminal activity. They spent YEARS rolling
rotten mortgages into securities and making billions selling them. Goldman even bet AGAINST those securities--and made money on it all crashing in 2008.

Really? We want the world run by these dangerous clowns?

Any chance of democracy in Greece was snuffed out. The Greek Prime Minister said he wanted a referendum. He wanted the people to decide whether or not Greece got
a bailout, which meant continued control by these banker criminals. The referendum was squashed out of existence. I'm sure these banksters put the heavy boot
down on the Prime Minister of Greece--and made him understand that democracy would not happen. And it didn't.

Iceland said NO. Maybe the Italian government and the people of Italy will stand up to this financial junta and say NO.

[dipsydoodle]

4. Its strange how the Iceland story keep getting repeated

given that it incorrect.

Aside from soaring unemployment and rising prices they want to be in the EU but can't gain access until they pay back the UK and Holland who would meanwhile veto their membership application.

[muriel_volestrangler]

5. Iceland borrowed $2.1 billion from the IMF, after their banks went bust

They did not say 'no' to the IMF.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=2229121&mesg_id=2234045

[tcaudilllg]

2. EU... who is that?

Sounds like only Germany and France to me... ...imagine that? The spirit of Adolf Hitler, Lord of Darkness, is resurgent in Europe.

[Katashi_itto]

3. Greece is a time bomb. It doesn't matter whats forced down their throat

six months a year at the most, the country will revolt under the austerity measures. Reports of

Old people starving will become the norm as their pensions are reduced more.

Revolt will come when the people will have nothing further to lose.

The govt already fired it's top military leaders fearful of a coup.

The clock is ticking. The stage is being set for insurrections like we've never seen.

"Any country is only three square meals away from revolution"
-Trotsky