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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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Christine Fife Interiors
In your homepage, you point out that the darker color ought to consistently be along with a chair rail. But, a large amount of photographs on your as well as other webpages indicate white colored at AND under the chair rail which includes a color on best. Sometimes the white colored underneath the chair rail has shadow bins likewise. Would you believe white colored at and underneath the chair rail having a color on prime will work? We have now golden brown hardwood floors while in the dining bedroom using a darker brown eating space established. I wanted to complete Benjamin Moore antique white colored within a semi gloss at AND underneath the chair rail, with present packing containers down below the chair rail, Benjamin Moore atrium white colored for the molding round the archway to your residing space and door opening (no doorway) towards kitchen area, along with a somewhat dark blue (Benjamin Moore Blue Lapis (2067-40) eggshell in addition to the chair rail. Do you presume that would give good results? What are advised to I paint the crown molding and ceiling in? The place is approx 12 x 13. The dim blue is definitely the issue that i concern the foremost.
If I genuinely stated the darker shade is supposed to become on top- remember to demonstrate me that post- I might not have meant to mention that. To stay away from confusion- I'll try to become considerably more clear- although the subject matter itself is to some degree confusing- so- stick to along listed here.
If you have two shades beneath and earlier mentioned the chair rail- I would put the darker in the two underneath. Why? Yes- there is a reason. The darker shade is more visually heavy. It can be subconsciously unpleasant to generally be in a space that is certainly slightly high hefty. Getting the thicker fat decrease feels better- subconsciously.
Once the region below the chair rail is often a wainscot- the principles modification. Your wainscot is an element of your respective solid wood trim. In the majority of cases- it is actually superior for these to all be the very same paint. Very same paint to the window casings, doorway frames, baseboards, chair rail, image frame mouldings, floor skirts, and wainscoting. (This really is a more often than not rule- not an continuously principle). Commonly this color is white colored. White being a wainscoting below the chair rail in addition to a colour on leading is perfect. Does which make the place visually uncomfortable thanks to the most notable large issue? No- as the visible weight of your mouldings is a lot more than the darker colour. However- sometimes- I believe that is pressed a bit- once the leading paint color is simply too dark- like in the image higher than. I personally suppose the paint colour is too dark here- along with the area is going to be more more comfortable having a lighter in weight shade. I realize the specified result is drama- and perhaps with all the appropriate window therapies, and various furnishings- this might start looking amazing- but I will claim that as is- it is a main major bedroom.
If I had been to perform the shadow box- or picture body moulding such as you are describing- I personally- would paint everything like it had been wainscoting. To me- that's what it's always trying to be- and when it can be all painted similar white- I feel it looks the perfect. I would take care of it like wainscoting. Paint it the exact same colour as all other mouldings. For example- I usually do not just like the photograph higher than. I feel it might seem more beneficial to own everything white listed below the chair rail. Theoretically you should not give you the option to actually inform it is really not a real wainscoting- but here these are drawing notice to it. I don't like it. I'm thinking white colored wainscot. If it is a wainscot in white colored it truly is fine- just white paint I would not do. I'm retaining table - receiving black chairs (Ethan Allen) with just like a goldy/greeny seat - swirly gold-ish area rug - window treatment solution are panels on window - you will find a door you can see for the sunporch - was serious about a protracted Roman shade in exact same stuff as panels? Awesome idea- that will blend alongside one another nicely. Guidance please, www.louisvuittonsell.co.uk remember to, remember to! (esp about walls) - thanks very much!! Your wall decor has very various modest matters. Don't forget to change your decor- not all pictures- have got a great item- much like the mirror below. Equilibrium that on an extra wall with some spectacular art- such as the bushes with the top notch. Then go on and come up with a wall of family unit photos- and a assortment of smaller products. Have your family photos in sepia tones. Get started by taking away All the pieces within the place. Then only intentionally add objects that select your new updated seem.
You described a greenishness in the chairs- but which includes a dependable gold rug- I'd not go with a stable inexperienced wall. Within a more compact room- like yours- be consistent- you shouldn't slpit your color pallet perfect in fifty percent. Go with a beautiful gold grasscloth like the just one over. This will likely also increase texture and fascination. Do that that has a wainscot beneath. I might paint your woodwork the lightest shade belonging to the wallpaper fairly than white.
Now you'll need a unifier. Something which will deliver the home alongside one another and hold it from staying a number of distinct goods. You described gold, black along with a minimal eco-friendly. I went by using a black background for the drapery fabric- offering you a stunning distinction aided by the walls. The black and gold could make almost everything "pop." You are likely to love it. The picture down below really is a pack up with the very same cloth. Be certain that your draperies are lined and weighted.
Your eating room would be extraordinary! Really don't go skipping methods such as grasscloth, or wainscot- I do know there're a lot of work- but are essential to creating the room very ideal. :)
Ok Christine,Here's my predicament. I am making an attempt to color my eating space. I've picked out two shades Valspar - Khaki and Valspar - all natural (equally beige tones). I even have a white colored chair rail. If I need the home to appear vast, which color requires to go on the main?
Typically forever generally the lighter in weight shade will need to go around the high. To not make the place seem larger- but it really will- but or else the home will glance off harmony. Heidi didn't submit a picture- so I am dissing strangers' rooms which i randomly identified via the internet today. The most notable about three photos- I don't like several of these. The chair rail is chintzy and cheesy- and a pathetic justification for woodwork. The rooms would glance more effective with out a chair rail in all these rooms. Heidi- if yours seems like this- choose it off.
The following two images, yet, I like. What's the significant difference, you consult? It's very hard for me to even tell- exactly- but this is consistent- the overall scale is healthier from the woodwork for the wall- like baseboard, trim and crown moulding. The pretty top image isn't really terrible- they simply ultimately must have picked more substantial items. The next and third are fully weak. Compare and contrast many towards photograph below. This seems to be wonderful, huh? Can you see the variance? The main difference is in dimension ands scale. Recognize also, Heidi, how the darker shade is on the bottom. I come across this Wedgwood rest room charming. Again- awesome scale towards trim. How about an image frame moulding? Comparable thing- the image above- weak- bad-- consider it off! The image below- it looks like they still put into use small trim, but painted it to create it appearance larger- fantastic move- it's not perfect- the crown moulding continues to be WAY far too small- however it is markedly more effective compared to the photo above.
What do I favour in a chair rail? A wainscot, naturally.
This really is considerably nicer isn't really it? So- anyway- back again for your dining bedroom. Gentle shades, and mirrors is likely to make it search larger- however, if you happen to possess a hutch and buffet in there that does not match tremendously well- acquire it out and it'll glimpse Considerably greater! You need to inquire your self, why you'd like it to search larger. conceivably it is usually in actual fact furnishings that's the incorrect scale with the area. There- ask for a whole new set for Xmas.
Frequent audience of my blogging site listen to me harping in regards to the boringness of drywall. Again east, just where I grew up, homes had solid wood trim. For a few reason, below in California, builders may get absent with making million dollar homes that don't even possess the windows trimmed out- let alone any paneling or wood beams in sight. (I will never go into the architecture by itself today. ) Several of the mature towns and towns have some attraction having said that. Pasadena, Santa Monica, Santa Barbara, Montecito, San Francisco. This photograph is from my "Santa Barbara Design and Style" magazine. What a beautiful ceiling! The paneling and beams incorporate a coziness and charm that cannot be underneath valued. The timber paneling with its aged washed end is exceptional! There exists a whole lot to notice with this one eating room- the chandelier, sophisticated window treatment plans, table decor, 2013louisvuittonuk antique hearth, attractive furnishings- what the heck is your preferred facet? Compare and contrast this dining home to your have, using this exceptional example- what is it possible to alter in your own family home?
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