Too big to bail

Italy is too big to bail:

Italy’s government debt is massive, at around €1.9 trillion, or 120pc of its gross domestic product (GDP). By the end of the year, it will be 2.7 times the size of the debt of Greece, Ireland and Portugal – the current bailout recipients – put together, according to Gary Jenkins, an analyst at Evolution Securities. He estimates that rescuing Italy would cost around €1.4 trillion.

The problem is that the eurozone’s rescue fund has firepower of just €440bn and much of that has already been committed. Politicians have pledged to boost it to €1 trillion, but efforts to do so are not going smoothly.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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