<p class="MsoNormal">After last week’s summit deal, the EU’s main concern is <a href="https://www.homesgofast.com/Currency/money_transfer_Italy.php">Italian money</a>, as the country’s borrowing costs continue to increase.</p> <p class="MsoNormal">As a result, the OECD has reduced its forecasted growth within the eurozone from 2 per cent to 0.3 per cent, as the EU anticipates a recession during the coming months. </p> <p class="MsoNormal">The ECB’s new president Mario Draghi has received requests to cut interest rates for Italy and Spain, but the latest EU bail-out fund (the EFSF) was agreed to be increased to €1.2 trillion only if central bank to reduce its supporting role.</p> <p class="MsoNormal">"We are deeply skeptical that the Eurozone crisis has been resolved," JP Morgan told <a href="http://www.telegraph.co.uk/finance/financialcrisis/8861179/Italys-crisis-deepens-on-eurozone-slump-bail-out-doubts.html">The Telegraph</a> this week, while italy’s unemployment and deficit are both on the up again. </p> <p class="MsoNormal">But the EU is being distracted by another country’s crisis. </p> <p class="MsoNormal">Greece has <a href="http://www.bbc.co.uk/news/world-europe-15561153">announced a national referendum</a> this week, which will decide if the country accepts the bail-out deal or not, raising fears that the agreed plan may not be put into action soon enough. <span style="mso-spacerun:yes"></span><a href="https://www.homesgofast.com/Currency/money_transfer_Italy.php">Italian money</a> is a main concern for the bail-out, but with the Greek debate delaying the financial rescue, Italy may have to wait even longer to begin its economic recovery.</p> <p class="MsoNormal"><a href="http://www.telegraph.co.uk/finance/financialcrisis/8861179/Italys-crisis-deepens-on-eurozone-slump-bail-out-doubts.html"><br></a></p> <p class="MsoNormal"><a href="http://www.bbc.co.uk/news/world-europe-15561153"><br></a></p> <p class="MsoNormal">&nbsp;</p>

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    Nick Marr

    I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.