Whats wrong with Italy economy?

[red amoeba]

the mafias decided to take their feet off the pedal?

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Standard & Poor's downgrades Italy debt rating


WASHINGTON: Standard & Poor's on Monday downgraded Italy's sovereign debt rating, citing economic, fiscal and political weaknesses in the eurozone's third-largest economy.


The rating agency said it had downgraded Italian debt to "A/A-1" from a "A+/A-1+" grade because of "Italy's weakening economic growth prospects."

It added that Italy's weak governing coalition would "limit the government's ability to respond decisively" to events.

"We believe the reduced pace of Italy's economic activity to date will make the government's revised fiscal targets difficult to achieve," S&P said in a statement.

Low labour participation rates, an inefficient public sector and modest foreign investment flows were cited as key drags on growth.

"In our view, the authorities remain reluctant to tackle these issues," the agency said.

S&P's rival rating agency Moody's has already indicated it is weighing its rating for Italy,
which is currently at Aa2, two notches below Moody's top triple-A rating.

Italy has tried to reassure investors by announcing a new austerity package which should see the country balance its budget by 2013.

 

[singveld]

economic of two half

the north which build and create wealth while the south full of mafias which create prostitution, extortion and does not pay taxes.

funny enough the north are descendant of german barbarian who invade roman empire during the end of the great empire. while the south are the people of the roman empire.

so basically the north are german who speak italian and south italian are roman. you know german are discipline and good in inventing and creating goods.

 

[GOD IS MY DOG]

there are no more so-called ''Roman'' descendents liao lor..............the closest ones are in Romania.......



why Italy not doing good ? they never did good mah..........


you can only go so far with designer clothes, bags and stuff............and selling only a couple thousand fancy cars a year.......