Italy is the one nation, alongside with Greece, that’s poorer now than earlier than having the EURO as their official foreign money. In truth, their economic system has been stagnated for twenty years and they’re one of many greatest indebted economies, with a debt larger than 130% of their GDP. Many European pundits name this nation “the sick man in Europe”.
Nonetheless, 20 years in the past, Italy was one of many wealthiest economies on the planet. Their residents have been even richer than these from Nice Britain and their trade was the second greatest in all throughout Europe. All the world loved the music of Eros Ramazzotti or Luciano Pavarotti, the Spaguetti Western films and… effectively, the Rocco Siffredi films too. Now these days are gone.
Because of this many Italian politicians counsel that leaving the Euro can be an answer to get again to the golden years of the Italian economic system. However is it proper? Is the Euro the issue in Italy? Why are they in such an enormous disaster? And why did Italy develop into so wealthy within the 80s and the 90s, regardless of the corruption, the pink tape and the political unrest? On this video we’ll reply all of these questions.
*ERRATUM Min 8.40: There’s a mistake within the chart. It says “1 It LIRA = 400 DM” and “1 It. LIRA = 1300 DM”. We meant it the opposite approach round. I ought to say “1 DM = 400 It. LIRA” and 1 DM = 1300 It. LIRA”. Sorry for the inconvenience.
And do not forget to go to our pal’s podcast, Rethink Media:
http://www.reconsidermedia.com/
Different movies from VisualPolitik:
Why is GERMANY such an INDUSTRIAL mannequin?: https://www.youtube.com/watch?v=CAbcHMOwobg&t=7s
Why is GERMANY rising greater than JAPAN?: https://www.youtube.com/watch?v=vou96yLuWXw&t=25s
Can MACRON save FRANCE from its CRISIS?: https://www.youtube.com/watch?v=jskeZMDsDhM&t=397s
Fascinating Hyperlinks:
Italian shadow economic system:
https://www.economist.com/information/finance-and-economics/21603073-italys-inclusion-illicit-activities-its-figures-excites-much-interest-sex
The Italian Lira, the Alternate fee and employment:
http://bruegel.org/2017/01/the-italian-lira-the-exchange-rate-and-employment-in-the-erm/
How mittlestand mannequin may enhance Italian SMEs:
https://www.linkedin.com/pulse/how-mittelstand-model-could-boost-italian-smes-marzio-perrelli/
Italian pink tape:
http://www.theflorentine.web/information/2006/01/beyond-the-red-tape/
Italy must do away with pink tape:
https://www.reuters.com/article/us-italy-bureaucracy/analysis-italy-needs-red-tape-bonfire-before-labor-reform-idUSBRE8320M420120403
Bushwick Tarantella is made by Kevin MacLeod and it us underneath a Artistic Commons Attribution (https://creativecommons.org/licenses/by/4.0/)
Supply: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1300002
Artist: http://incompetech.com/
Nonetheless, 20 years in the past, Italy was one of many wealthiest economies on the planet. Their residents have been even richer than these from Nice Britain and their trade was the second greatest in all throughout Europe. All the world loved the music of Eros Ramazzotti or Luciano Pavarotti, the Spaguetti Western films and… effectively, the Rocco Siffredi films too. Now these days are gone.
Because of this many Italian politicians counsel that leaving the Euro can be an answer to get again to the golden years of the Italian economic system. However is it proper? Is the Euro the issue in Italy? Why are they in such an enormous disaster? And why did Italy develop into so wealthy within the 80s and the 90s, regardless of the corruption, the pink tape and the political unrest? On this video we’ll reply all of these questions.
*ERRATUM Min 8.40: There’s a mistake within the chart. It says “1 It LIRA = 400 DM” and “1 It. LIRA = 1300 DM”. We meant it the opposite approach round. I ought to say “1 DM = 400 It. LIRA” and 1 DM = 1300 It. LIRA”. Sorry for the inconvenience.
And do not forget to go to our pal’s podcast, Rethink Media:
http://www.reconsidermedia.com/
Different movies from VisualPolitik:
Why is GERMANY such an INDUSTRIAL mannequin?: https://www.youtube.com/watch?v=CAbcHMOwobg&t=7s
Why is GERMANY rising greater than JAPAN?: https://www.youtube.com/watch?v=vou96yLuWXw&t=25s
Can MACRON save FRANCE from its CRISIS?: https://www.youtube.com/watch?v=jskeZMDsDhM&t=397s
Fascinating Hyperlinks:
Italian shadow economic system:
https://www.economist.com/information/finance-and-economics/21603073-italys-inclusion-illicit-activities-its-figures-excites-much-interest-sex
The Italian Lira, the Alternate fee and employment:
http://bruegel.org/2017/01/the-italian-lira-the-exchange-rate-and-employment-in-the-erm/
How mittlestand mannequin may enhance Italian SMEs:
https://www.linkedin.com/pulse/how-mittelstand-model-could-boost-italian-smes-marzio-perrelli/
Italian pink tape:
http://www.theflorentine.web/information/2006/01/beyond-the-red-tape/
Italy must do away with pink tape:
https://www.reuters.com/article/us-italy-bureaucracy/analysis-italy-needs-red-tape-bonfire-before-labor-reform-idUSBRE8320M420120403
Bushwick Tarantella is made by Kevin MacLeod and it us underneath a Artistic Commons Attribution (https://creativecommons.org/licenses/by/4.0/)
Supply: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1300002
Artist: http://incompetech.com/