Meanwhile, figures from the EU showed economic growth in the 19-country eurozone still languishing BBC reported. In contrast to Italy, some other eurozone economies expanded more than expected, with France and Spain posting growth rates of 0.3 percent and 0.7 percent quarter-on-quarter respectively. The renewed recession in Italy aggravates the problem the government has with its finances. Italy’s problem is its accumulated debt, which is on one measure the largest in the Eurozone. It would be a huge problem for the rest of the Eurozone if Italy were to suffer the kind of debt crisis that Greece and others experienced a few years ago.

Source: Nigerian Tribune January 31, 2019 14:15 UTC