Desperate times lie ahead for the Eurozone as economic growth slows, particularly in countries such as Italy where debt levels are already astronomically high at £2.2trillion. The Centre for Economic and Business Research said in its annual predictions for 2019 “internal contradictions” would force the Eurozone to “integrate economically” or “risk breaking up”. They added: “It is possible to defer the confrontation for a year or two but the boil will have to be lanced at some point since the Italians have clearly reached the point of austerity fatigue.”
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