Waiting In The Wings

The state of the economy is never far from the front pages these days and it's still all gloom and doom. Just when you think there's a glimmer of hope that we've turned the corner, there's something else that's sending the markets crashing down or putting another country on the brink of economic disaster. It's all about Greece and Italy at the moment, but there are more waiting in the wings.

It's the 'will they, won't they' scenario, and at the moment all eyes are on Italy. The eurozone has already been forced to bailout three of its weakest members - Greece, Ireland and Portugal - but could it handle a possible rescue of Italy, the eurozone's third-largest economy? Italy’s debt totals more than $2 trillion, accounting for almost 120 percent of its gross domestic product.

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