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now "my take." the european crisis you have been reading about in the newspapers is worth watching very carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy, which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up about 2% of the european union's gross domestic problem. italy, on the other hand, is one of the seven or eight largest economies in the world. its debts are greater than those of spain, portugal, ireland, and greece combined. an...

pacific. now my take. the european crisis you have been reading about in the newspapers is worth watching carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up 2% of the european union's gross domestic problem. italy is one of the seven or eight largest economies in the world. its debts are greater than those of spain, portugal, ireland, and greece combined. it has long been governed...