Post by Bob on Aug 4, 2011 9:25:14 GMT 1
Debt-laden Italy is likely to default, but Spain might just avoid it, according to the British think tank, the Centre for Economics and Business Research.
With the countries weighed down by debt, the think tank modelled "good" and "bad" economic scenarios for both.
It found that Italy will not avoid default unless it sees an unlikely big jump in economic growth.
However, it said, "there is a real chance that Spain may avoid default
With the countries weighed down by debt, the think tank modelled "good" and "bad" economic scenarios for both.
It found that Italy will not avoid default unless it sees an unlikely big jump in economic growth.
However, it said, "there is a real chance that Spain may avoid default