Share Spain and Portugal, two problem children in the eurozonehave improved economically over the last couple years. Italy, in contrast, continues to labor with structural imbalances.
Tweet The Elephant in the Room Lamentations about the state of the Italian economy have become so commonplace, Italians barely react to them.
Reasons for this may range from fake-modesty to a taste for complaining. Yet, never attempt to criticize Italy if you are not Italian.
The cold shower came a few weeks later: And, well, few people cared. The right-winged commentators pointed out that the economic plans of the government are based on a growth target of 0.
As usual, few people paid attention to such criticism, possibly because of an inflation of such comments since the early s. And this time, things were taken a little more seriously.
We can say that, in this case, Italians did something new after getting offended: The Italian economy is at the level of ; basically the country walked blindfolded through the euro dark ages. Quite possibly, wealthier people in the north would profit from it, and the lower-middle classes in the south would not.
It is forecasted to grow also in it is currently at Padoan also made clear that the government is ready to sell stakes in assets such as public energy utility company ENEL, Poste Italian, and the railways.
Privatizing state assets and raising taxes may represent a dangerous model contributing to further increases in economic polarizations owners vs.The Bank of Italy, the country's central bank, is even more pessimistic, forecasting economic contraction of percent.
But economic growth only tells part of the story. But Italy’s public debt problem has proven big enough to make a splash. Lamentations about the state of the Italian economy have become so commonplace, Italians barely react to them. Italy’s Economic Challenges - The European. Economic Crisis in Italy Continues to Worsen Basta 'La Casta' No End in Sight to Italy's Economic Decline The Italian economy may be the third largest in the euro zone, but it is also plagued by inefficiency and continues to shrink.
May 02, · Italy's economic problems are in many ways worse than France's. Public debt stands at nearly percent of gross domestic product; in France, it's 96 percent.
The last time Italy grew faster than France was in Italy's Economic Challenges in Italy faces another year of economic difficulties because its problems have become so ingrained and systemic.
But Italy’s public debt problem has proven big enough to make a splash. Lamentations about the state of the Italian economy have become so commonplace, Italians barely react to them.
Italy’s Economic Challenges - The European.