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[[Eurozone/Tutorials#Optimum currency area theory|Currency area theory]] is concerned with exten ...s the [[debt trap]], the price formulation of which is the [[Fiscal policy/Tutorials#The debt trap identity|debt trap identity]].

...rea criteria| '''optimum currency area criteria''']], on the eurozone's [[/Tutorials#Policy options|'''policy options''']]; ,<br>&nbsp;&nbsp;&nbsp;&nbsp; - tabu ...banks. Proposals for debt mutualisation, for example by the creation of [[/Tutorials#Eurobonds|"eurobonds"]], were firmly rejected.

...Italy'',Standard & Poors, September 19, 2011]</ref>. The emergency budget approved by parliament on September 14th, and substantial purchases by the [[Europea ...cial Times, October 26]</ref>. On 10 November 2011, the Italian parliament approved the reform programme and on thev 13th, Silvio Berlusconi was replaced as P

In a June 2010 press release, the IMF effectively approved the Government's fiscal policy with the statement that "the planned 3 perce ...of 100 per cent of GDP<ref name=debt/>. Concern about the [[Fiscal policy/Tutorials#Fiscal sustainability|sustainability]] of the government's [[fiscal policy