Naples | theslowtraveler
— severe-weather.EU (@severeweatherEU) November 20, 2018
Ranging from 32 years in Italy to 42 years in Sweden.
Italy is not leaving the euro zone: “not today, not tomorrow and not the day after”, according to Salvini.
The Populist/Right-wing alliance that is currently governing Italy has promise to end austerity by massively increasing Italy’s debt, which is currently stagnated at an alarming 130% of GDP.
This already resulted in some response from rating agencies:
Fitch on Aug. 31 cut its outlook on Italy’s “BBB” rating to “negative” saying it expected a degree of fiscal loosening from the new coalition government that would leave the country’s high debt more exposed to potential shocks.
Italy, Eumetra poll:
How would you vote in an eurzone membership referendum?
Field work: 9/05/18
Sample size: 2,270
— Europe Elects (@EuropeElects) June 2, 2018
Despite its political chaos, Italy remains one of the strongest economies in the world. (8th largest in the world)
Often overlooked, it also has one of the diversified and robust economies in the list. Its exports range from food over fashion to cars and yachts all the way to industrial products. And they also cover the whole range from cheap to the most luxuries items as well. On top of that they still have a healthy and strong service sector, again ranging from tourism to financial sector, with Italian banks not only being some of the oldest in the world.
So don’t overlook or underestimate Italy. They are a powerhouse, not just in football!
So celebrate well, Bella Italia!