[Robin]

@ RE
“Spain and Italy were very “backward” relative to Germany back then, and the Euro gave them the opportunity through Debt to live more like Germans did”
No, Italy wasn’t at all “backwards” before entering the Euro, in fact it was a very prosperous country. The spending power of Italians after entering the Euro was suddenly cut into half, in came the temping jobs, factory closures, outsourcing, Silvio Berlusconi and rising personal debt( many of these things were slowly underway already during the ’90s). I can assure you these past ten years have been the most miserable and depressing in the whole history of the Italian republic.

[Author]

Posts