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Italy has moved to centre stage in the eurozone debt crisis.

While Greece generated a lot of noise, it is now seen as a sideshow.

Greece's debt problems are already widely known and the immediate consequences of a Greek default largely anticipated.

Moreover, the size of the Greek economy is small enough that the direct damage, if Greece stopped paying its debts, should be quite manageable for the eurozone.

Instead, the big fear is "contagion" - that a Greek default could trigger a financial catastrophe for other, much bigger economies - in particular Italy and Spain.

And it seems it is Italy that is now seen as the lead candidate for that contagion. But why is this? Prudent Italy?

According to Germany's Chancellor, Angela Merkel, "Italy has great economic strength, but Italy does also have a very high level of debt and that has to be reduced in a credible way in the years ahead."

As with Greece, she and other eurozone leaders believe the solution is more government austerity - spending cuts and tax rises - by Rome.

However, some economists might disagree with her assessment.

The Italian government's debt, at 118% of GDP (annual economic output) is certainly high, even by European standards.

But dig a little deeper, and the picture changes.

Unlike their counterparts in Spain or the Irish Republic, ordinary Italians have not run up huge mortgages, and generally have very little debt.

That means that according to the Bank of International Settlements Italy as a country - not just a government - is not actually terribly indebted compared with other big economies such as France, Canada or the UK. Continue reading the main story Crisis jargon buster Use the dropdown for easy-to-understand explanations of key financial terms: GDP GDP Gross domestic product. A measure of economic activity in a country, namely of all the services and goods produced in a year. There are three main ways of calculating GDP - through output, through income and through expenditure. Glossary in full

Moreover, the large debts of the Italian government are nothing new. It has got by just fine with a debt ratio over 100% of its GDP ever since 1991.

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He even includes a schedule for when to write his best-selling crime novels featuring quadriplegic criminalist Lincoln Rhyme - every single other year - but, once again, regardless of this seemingly rigid method, his "products" are almost usually fresh, engaging and satisfying. Satisfying enough to be sold within the millions in 150 nations and to be translated into 25 languages, anyway! Deaver was in Singapore lately to promote his most current book, The Sleeping Doll. On the road since the beginning of June, his tour took in Australia and New Zealand just before he arrived in Singapore earlier this month, soon after which he returned to his native west coast with the United states of america. Jeffrey Deaver knows his readership: he's making a new series due to the fact 'people seem to like series as opposed to a one-off'.

Within the last Lincoln Rhyme book, The Cold Moon, he introduced Kathryn Dance, a kinesics expert - somebody who utilizes physique language and behavioural patterns to detect lies in her suspects. Inside the Sleeping Doll, she becomes the central character in what exactly is clearly destined to be one other best-selling series The North Face Jacket Outlet. Inside a telephone interview, Deaver shared why and how he came up with this new character. The cover of the Sleeping Doll says "Introducing Kathryn Dance", but that's not really accurate, is it? She appeared inside the Cold Moon. Inform me about her genesis. I see myself as a manufacturer, I generate a product. I wanted to produce a brand new series considering people today seem to like series in lieu of a one-off. Kathryn Dance was a test solution. I have made a good number of minor characters but I threw her around to determine what the reaction will be. The book has been a best-seller in Italy, in Britain and all over the world so I guess persons liked her. Is she a deliberate foil for Lincoln Rhyme - their approaches and interests are fully diverse and also her name, Dance, is known as a marked contrast to his immobility. Was this deliberate? Yes, this was calculated. I wanted to make her as several as possible. So Kathryn lives 2,500 miles away, she is actually a social person, is gregarious, she includes a family members. In every regard, she is distinct, which enables the tension to be produced in her one-on-ones with Rhyme. But in fact, they are far more related than they initially appear - both make use of the cold application of scientific principles. Is that some thing you admire? Yes, I do admire that. It really is how the law enforcement officers I know perform. Kathryn Dance is a many people cop. But she is significantly closer to Lincoln than Amelia (Rhyme's companion in each senses on the word), that is a lot way more suitable. I've little patience for the bumbling detective, I favor clever cops. Kathryn is known as a clever left brain thinker and her human side opens up with her household. You once mentioned that it's "a pleasure to create negative guys". Why is the fact that? For two causes. My books are about conflict . In my stories, many people live in as significantly conflict as I can cram into them. The poor guys permit me to turn up the heat at just about every stage. Secondly, I am curious about evil, particularly in a one-on-one scenario: the person who could perform his way into your life, who could possibly be sitting subsequent to you in a taxi. It really is a puzzle to make an individual that way, and enjoyable since it's going to scare men and women. In an earlier interview, I believe you described the Watchmaker from the Cold Moon as your favourite villain. Is the fact that nevertheless true or has Daniel Pell from the Sleeping Doll supplanted him? I guess Pell is as close to pure evil as you will get. But I could not kill the Watchmaker, I liked him too much. He will keep reappearing from time for you to time, as he is clever, evil and without having social restraints. What are you views on the morality of fictional violence be it on film or on the page? Do you ever be concerned that a reader may well find out things you under no circumstances intended? The Watchmaker, as an illustration, contains some nasty murder scenes. I feel strongly that with adults there really should be no censorship, short of nuclear secrets. I'd not give away knowledge that would encourage many people to complete factors that they would not otherwise do. With kids, it really is distinct, they are relatively impressionable. But I really feel morally that we do alot more damage by repressing stories than by possessing open forum. Within the Sleeping Doll, you make distinct reference to (American cult killer) Charles Manson. Was his cult an explicit source of inspiration for this book? I was about 19 at the time from the Manson murders and they stayed with me. I was serious about that form of villain. Manson was not even present in the killings, there was no proof. But I had to locate the suitable type of hero to handle him. Simpson (murder) trial, I got enthusiastic about the course of action of the selection of the jury. The defence, and I feel the prosecution, hired kinesics specialists to analyse jury candidates and guide opt for members of your jury. When I talked to police, FBI, interrogators and men and women I know in security agencies, they had all studied it. For Kathryn Dance it really is an earlier speciality - jury choice. She is form of an uber kinesis specialist who can sit down one-on-one with suspects and that is suspenseful. How did you analysis it? Talking to folks I know but largely through books or the world wide web. Every little thing inside the books is precise but I only use what exactly is necessary to move the story along. The initial draft from the Sleeping Doll was about 150 pages longer but all of the esoterica about physique language and thoughts control had to come out. The reader needs to move along as rapid as you possibly can, the book needs to be compelling. When the reader starts to skim, I've done one thing incorrect. But in the very same time you can't leave the audience in the dark - it really is a balance. Crime and forensics have develop into well-liked subjects through Television programmes like CSI. Was the creation of Kathryn Dance a deliberate attempt to break new ground? Well, you surely can not turn around with no seeing a brand new crime show! CSI is everywhere - they are going to possibly base one in KL next! Forensics is important but other attributes are crucial, too. 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