The economic downturn of 2008 has caused a number of problems for the European countries: and the standard of living for the people of Europe has declined. There are a number of experts who are still very worried about the coming future of this declining value of Euro and they are proposing a number of things. There are a number of economic experts who are mentioning the importance of the economic stability of Italy in saving the ever reducing value of Euro. Similarly, all the countries of Europe are associated with each other in a similar way and declining economy of one country causes a decline in the currency of other one. That is one of the most important reasons why so many people seem to be worried about the day by day decreasing economy of Italy.
Recently, this reduce in the economy was much more declined towards Greece and it came out of the decline quite easily with the help of other European nations and now what remains to be seen is that whether the European countries will help Italy in the same way or not. The role of Germany in this regard will be of much more importance and it will have to play its role of big brother in this situation. There are a number of people in Italy that are considering Silvio Berlusconi, the recent prime minister of Italy, as the cause for this economic downturn. They are saying that Silvio is the main reason why they are in such crisis today. According to them, he did not pay enough attention on maintaining the economic stability of the country and gave other things more importance. Since, now he has resigned, there seem to be much more chances of the economic upheaval of country and it seem to be a sign of hope for other European countries as well.