European Union’s Refusal of Debt Relief For Italy Will Hasten Its Collapse

Quoting generously from Michael Hudson’s new book on debt, this article shows beautifully how the European Union’s insistence on no debt relief for Italy, the third largest economy in Europe, will only accelerate its downfall. With Macron having big problems in France and Merkel on the way out in Germany, it’s hard to see how the EU will not collapse.