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CKA Uber
CKA Uber
 Vancouver Canucks
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PostPosted: Mon Jul 11, 2016 11:03 pm
 


Title: Italy 'facing 20 years of economic woe'
Category: Business
Posted By: martin14
Date: 2016-07-11 22:58:14


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CKA Uber
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PostPosted: Mon Jul 11, 2016 11:03 pm
 


Posted for future reference, the instability of the UK leaving will cause Italy to be the next bailout country.

But they won't call it that.
Spain style 'banking liquidity injection', or something like that.


$1:
It has 11% unemployment and a banking sector in crisis, with government debt second only to that of Greece.


This is official government numbers, and officially wrong.

There is a program where companies are paid by government to send people home, but keep them on the payroll, and out of the 'official' stats.

Real Italian unemployment is probably closer to 20%.


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