Wednesday, November 23, 2011

Rome Not Built in a Day, Facing One-Day Downfall

Italy is facing a $2.6 trillion debt, which revenues cannot begin to pay off.

Tax cheats, slow economic growth, underground economies, mafia corruption, all are easting away at the Iberian Peninsula's tottering finances.

Rome was not built in a day, so goes the old adage.

It's disastrous finances have prevented the country from climbing out of its surging debt crisis. It appears that more more economic failure, and the grand empire of ancient days that become a slow-growth Western economy will fall in one day.

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