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while there are debt problems for sure in Italy, they are a very rich country.  Per Capita GDP and net worth are both very high.  Folks need to calculate accumulated wealth into the equation.  When you do that, you realize that the problems in Italy and broader Europe are quite easily solved once everybody agrees on how to gore the oxen.  The Europeans might screw around awhile yet, it's what they do since WWII, but ultimately they'll be fine.

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