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Be Aware To Export Paper Cutting Knife To Italy
- Aug 28, 2018 -

The Turkish storm seems to be blowing to Asia. India and Indonesia are fighting for the exchange rate of their own currencies. However, many Asian countries have relatively strong resilience. The real risk is actually in Europe. In particular, Italy may become the next wave of triggering the US dollar's strong storm and impacting global finance.


Italy is the third largest economy in the European Union. Since this year, Italy has always been the most dangerous part of the Eurozone. And recently, this risk has once again fermented. Italy’s current government debt has reached 2.5 trillion euros, the second highest in the euro zone, accounting for 130% of GDP, only in Greece, but Italy’s foreign reserves are only about 125 billion euros, if not EU and The International Monetary Fund (IMF) has repeatedly rescued and has already gone bankrupt.


Bloomberg's survey shows that Italian government bonds are likely to fall into the most dangerous situation since the European debt crisis! If you can't find a buyer who is willing to buy Italian government bonds, the Italian government bond yield will soar in the next few months, while the Italian government may face a default, which will endanger the spread to Europe.


Now it takes risk to export paper cutting knife to some countries, customers should do more research then start business. China is ok now, so if you need paper cutting knife, welcome to email us.