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Italy's reversion to recession, coupled with its high debt levels, adds further strain the struggling Eurozone. Can the EU cope with Brexit, populism, and the systemic risks of Italy to the Eurozone?
https://www.nytimes.com/2019/01/31/business/italy-recession-europe-slowdown.html
Italy has officially slipped into recession, and Europe as a whole is essentially at an economic standstill, raising anxieties that the world is on the verge of a significant slowdown.
The timing could not be worse. The lousy performance of the Italian economy, reported on Thursday, is likely to aggravate relations between the European Commission and Italy’s populist government, which has pursued spending policies widely regarded as irresponsible. Leaders on the Continent are already dealing with Britain’s messy exit from the European Union.
Some day it may get as bad as Russia.
Classic and totally inane whataboutism.
And rife with implausibility. It takes a long and concerted effort to match Russia in fiscal ineptness.
Italy is in its third recession in 10 years and even then, does not match Russia's decline and problems.
Italy is always in and out of recession. The problem with journalists these days is they don't look at history nor print positives.Italy is in its third recession in 10 years and even then, does not match Russia's decline and problems.
And rife with implausibility. It takes a long and concerted effort to match Russia in fiscal ineptness.
Please don't ever accuse me of whataboutism again.
The thread is about ITALY, but it's immediately been turned into one about Russia. Indeed, as Evilroddy alludes, the comments about Russia are not based on any sensible understanding but rather reflect the usual blind and ignorant prejudice.
Italy's reversion to recession, coupled with its high debt levels, adds further strain the struggling Eurozone. Can the EU cope with Brexit, populism, and the systemic risks of Italy to the Eurozone?
https://www.nytimes.com/2019/01/31/business/italy-recession-europe-slowdown.html
Italy has officially slipped into recession, and Europe as a whole is essentially at an economic standstill, raising anxieties that the world is on the verge of a significant slowdown.
The timing could not be worse. The lousy performance of the Italian economy, reported on Thursday, is likely to aggravate relations between the European Commission and Italy’s populist government, which has pursued spending policies widely regarded as irresponsible. Leaders on the Continent are already dealing with Britain’s messy exit from the European Union.
Rogue Valley:
Russia is decreasing its national debt now while the USA is ballooning its debt.
Yep, Italy is having issues. Yep, they will very likely flop flop a government and right itself. It happens.
While the US statement is true and the Russia statement is true, you neglect to mention that living conditions and wages in Russia are falling, or that the pension age has been increased.
Why do you do this all the time? Only tell half the story?
Rogue Valley:
Living conditions and real wages/incomes are also decreasing in the United States and in Italy. Life-expectancy, literacy and real income are all down in America and income polarity is way up as concentration of wealth in America is hollowing out the American middle class. So I am not stating only half the story at all. Life in Russia is harder and harsher for most Russians than life in Italy or America is for their citizens. But that is due to the collapse of the Soviet Union and the follow-on economic collapse which gripped Russia from the mid-1980's until recently. Mr. Putin has reversed that collapse and is slowly improving things for run of the mill Russians. His methods are corrupt and oligarch-oriented but they are producing results which are nonetheless real. If you want to argue that he could have improved the Rusdian economy and the lives of most Russians more by making different choices, then I'm right there with you. But he still has improved things and compared to the mess that is Italian politics and fiscal responsibility Mr. Putin's Russia has not faired poorly. Compared to the US fiscal insanity in the post Cold War period the Russian strong-man and thug-in-chief has done well. He could have done far better however, and that is where legitimate criticism should be directed against the Putin Regime. That and it's militarism and deteriorating human rights record.
Cheers.
Evilroddy.
Thanks for your informative analysis :roll:.
Because Italy's long history of changing governments has not righted its economic problems in the past, so your whole premise is risible.
The concept that Italy will swap governments and crawl out of the hole is "risible"?
It is what Italy tends to do.
And it tends to work.
:shock::shock:
I feel like this is a parallel universe of insanity.
Do you know anything about Italy's economy?
That kinda tends to happen when a Russian vomits forth on practically any European country and in the process shows to be totally clueless about any European country.Please don't ever accuse me of whataboutism again.
The thread is about ITALY, but it's immediately been turned into one about Russia. ...............~
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