"Is Democracy On The Retreat?" is the question that Rampini posed to the audience at Columbia Law School on February 16, when discussing the contradictions and perils in the EU's method of dealing with the crisis.
You chose: international monetary fund
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On Thursday the Italian Senate passed the hastily redrafted emergency austerity budget. The situation, in a nutshell, is dire. Although Italy has the third largest economy in the Euro zone, its national debt has soared to $2.6 trillion, or 120% of its GDP. But pessimism is in the air, and the latest International Monetary Fund projection is that by the end of this year public debt will shoot up even further.
