sabato 12 novembre 2011
Quick note on Italian stagnation
The Economist in an article about Italy's economy (source: IMF World Economic Outlook) supports what I wrote in this post. GDP per person actually declined in Italy between 2001 and 2011. As a result, the lack of growth is the main issue of Italy triggering fiscal troubles and debt woes. Thus, Italy needs reforms and a fiscal policy able to boost the economy. I see Mario Monti as the first step on this virtuous path.