Fine dell'euro Italico!

[gronk]

Euro 'threatens to asphyxiate Italy'
By Ambrose Evans-Pritchard (Filed: 22/06/2005)

The eurozone is heading towards disintegration as surging labour costs render Italy, Portugal, Greece and Spain unable to compete with a resurgent Germany, according to papers published yesterday by Lombard Street Research.
Charles Dumas, head of the firm's world service, warned that Italy faced economic asphyxiation inside monetary union after allowing wages to spiral upwards - and productivity to stagnate - causing an almost irreversible loss of competiveness.
"Italy is odds on favourite to fall out of monetary union. We have a clear-cut case of disintegration of monetary union," he said, predicting that the bond markets would ultimately trigger a crisis.
The assessment comes after warnings by the European Central Bank about worrying "divergences" across the eurozone, while leaders of Italy's Lega Nord are stepping up their militant demands for a return to the lira.
Mr Dumas said it may now be too late for Italy to restore competitiveness within the eurozone, advising it ''to get out of EMU" before its industry was decimated.
Figures released by the European Commission last week showed unit labour costs (including productivity changes) have fallen 1.3pc in Germany since 1995, while rising 38.7pc in Italy.
Mr Dumas said Germany had "hammered labour resistance into the ground" through deflation, leaving German companies lean, fit and highly profitable.
By constrast, Italian industrial output and exports are now in free fall as the delayed effects of lost competitiveness start to bite. Fiat sales plunged 26pc in May from a year earlier. The economy is in its third quarter of recession, and bankruptcies loom in the textile, footwear and tile industry.
Lombard Street's Professor Tim Congdon warned that exploding budget deficits in the eurozone's southern states - now 6pc-7pc in Portugal and Greece, and heading for 5pc in Italy - were evidence of a "free rider" effect eating at the heart of monetary union

[Oli]

Che noia.
Pensate davvero che negli USA tutti gli stati siano allo stesso livello economico?
E in italia? Era così? Eppure c'era un'unica moneta.
Invece di spaarre cavolate a zero, pensate un po' ai benefici.

[ART]

Ora che hanno finito con le cazzate del cambio dell'euro inventato male cominciano con quelle dell'impossibilità di competere svalutando (e mandando alle stelle il debito pubblico), come se la causa di tutti i mali dell'industria italiana fosse l'euro.
Non sanno più a che santo votarsi per dar contro all'Europa questi poveri ciccibelli.

[Erasmus]

Fine dell'euro Italico!
Euro "threatens to asphyxiate Italy"
By Ambrose Evans-Pritchard (Filed: 22/06/2005)

Toh chi si rivede!

«gronk( alias 'trasa', 'rector' and 'rolex') threatens to aphyxiate you with his continuous endless blunders»



Bye, bye

[Oli]

AH, ecco, ho capito il soggetto economico....

[demokrat]

ma invece chi c...o sarebbe l'autorevole Ambrose Evans-Pritchard citato da GronK?

[Naitmer]

L'euro è un aborto allogeno mantenuto artificialmente in vita.

[14dicembre]

L'euro è un aborto allogeno mantenuto artificialmente in vita.

sese unu casteddaiu casticadu e siccu...

[ART]

L'euro è un aborto allogeno mantenuto artificialmente in vita.

Il dott. Naitmer ci stupisce sempre con le sue dotte ed argomentate affermazioni

[Oli]

L'euro è un aborto allogeno mantenuto artificialmente in vita.

Sempre venire qui a rompere le p...e.
Stattene nel tuo mondo del cavolo e non venire a rompere.