Almost the whole world is funded by deficit budget – not just Greece, Italy

The whole is getting bigger, but it will be covered. I believe eventually ECB may use the same strategy as US. After printing a lot of money, devalue it. So your debts are transferred to worldwide’s inflation. Looks like inflation but in fact is devaluation. Italy is not that a worry because its skill and capability is bigger. Just another round of bumpy ride. But we will not buy now, only if they drop for a week.