Will Italy default on its debt?

[HappySqurriel]

menx64 said:

MARCUSDJACKSON said:
either way the economic structure is fucked up, and needs some type of reform.

 This. Speculation is killing countries, economies, salaries, cutting jobs and creating more speculation.

While there is speculation which may make things worse, the core problem is decades of run-away deficit spending by incompetent governments ...

If there was no speculators these countries would still be on the verge of default, if there was no government mismanagement the speculators would be unable to do damage because there would be little/no reason to speculate on the country defaulting.