`` There are downside risks , that is clear . '' Economist : `` It 's difficult to see this turning around the Greek economy anytime soon '' Italy is trying to cut debt to 160 % of GDP , down from 121 % . Greece approved an austerity pact next month , leading to riots .
Economist : `` It 's difficult to see this turning around the Greek economy anytime soon '' Italy is trying to cut debt to 160 % of GDP , down from 121 % . Greece approved an austerity pact next month , leading to riots .