Since 2019, the eurozone has been losing ground to the united States. Real wages are collapsing and the eurozone is in recession, while the united States continues to grow economically. It looks like Italy is the canary in the coal mine that could plunge the eurozone into severe turmoil. The country is among the most indebted and shows not the slightest sign of economic recovery. If the eurozone enters a currency crisis, everything is at stake.
41 sats \ 1 reply \ @Signal312 31 Jan
Years back I read a post once in a specialized forum (pickleball), about how some folks were trying to introduce pickleball to Italy. They had shipped a bunch of pickleball equipment to Italy, and it it had been held up by customs for MONTHS, for god knows what reason. A bureaucrat trying to justify his job, probably.
I'll bet this kind of story, over and over, is why Italy is the worst off.
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10 sats \ 0 replies \ @TomK OP 31 Jan
It's over bureaucratized and never really developed a political ethos since the end of the renaissance
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21 sats \ 1 reply \ @doubleplusgood23 1 Feb
Look no further than every regulation the EU introduces that continuously stifles technological innovation. It's no secret why their economy is floundering.
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10 sats \ 0 replies \ @TomK OP 1 Feb
It's horrible. The EU is turning into a nightmare
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