"A first report by the EU commission looking at macro-economic data across the bloc up until 2010 warns that 12 countries, including Italy and Spain are at risk of new crises due to their public debt and lack of competitiveness.
Part of legislation strengthening economic surveillance, the "Alert Mechanism Report" published on Tuesday (14 February) singles out Belgium, Bulgaria, Cyprus, Denmark, Finland, France, Italy, Hungary, Slovenia, Spain, Sweden and the UK as in need for further "in depth" scrutiny of their macro-economic policies."
the whole world is insolvent..........from eu observer...
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