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Saturday, November 12, 2011

Eurozone Financial Woes Spreading to Italy?

Our generation needs an ENTREPRENEURIAL REVOLUTION. While in HK, I learned of the following news: The HK stock market took a beating Thursday; Fmr, vice chair of Euro Central Bank Lucas Papademos was elected as new Premier of Greece. The FINANCIAL crisis is spreading to Italy and its mainly political. Berlusconi is being forced out as the Italian PM because of many scandals. But the Italian bonds now are considered risky because the Italian bonds now are priced higher. A bigger financial crisis will now involved Italy, the fourth biggest economy in Europe. This does not augur well for the Eurozone. No one seems to be taking the burden in case of Italian crisis and a bail out. Questions: What does this mean to you as a Filipino entrepreneur? Will this affect your business? What are the threats? Risks? Opportunities?

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