Italy 'facing 20 years of economic woe'

Business | 206710 hits | Jul 11 10:58 pm | Posted by: martin14

The IMF says Italy faces two decades of stagnant economic growth as it downgrades its forecasts.

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by martin14
Tue Jul 12, 2016 6:03 am
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.

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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