Re:African leaders launch landmark 55-nation trade zone
by goodcanadian on Monday July 08, 2019 @02:12AM
(#20380285)
The Greece and Italian economies were mismanaged. The Euro, in and of itself, had little to do with it. At worst, it removed one tool for dealing with the mismanagement. Far better to manage it well in the first place.
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Re:African leaders launch landmark 55-nation trade zone
by petre on Monday July 08, 2019 @02:49AM
(#20380433)
Greece maybe. But if Italy's economy was mismanaged it was due to outside pressure.
https://www.ineteconomics.org/perspectives/blog/how-to-ruin-...
Re:African leaders launch landmark 55-nation trade zone
by pmontra on Monday July 08, 2019 @03:49AM
(#20380751)
To put it into the words of my father (Italy early 90s), "the Euro will be good for us because our politicians will have to stop stealing". But they didn't and we kept voting for them. This is the problem in Italy. Internal, not external. Then other countries can take advantage of it, that's the way the world works.
Re:African leaders launch landmark 55-nation trade zone
by gattilorenz on Monday July 08, 2019 @02:59AM
(#20380479)
> Until the early 1990s, Italy enjoyed decades of relatively robust economic growth
This is painting just one side of the story. Look up the graphs for debt as % of GDP in the same years.
Re:African leaders launch landmark 55-nation trade zone
by gattilorenz on Monday July 08, 2019 @07:43AM
(#20381873)
Here they are:
https://tradingeconomics.com/italy/government-debt-to-gdp
https://2.bp.blogspot.com/-rj28mXbk6V8/TsEC58hZftI/AAAAAAAAA...
Sure, we were growing, but more than that we were growing our public debt. I'm no economist, but this doesn't seem the sign of a healthy economy to me.