pacomartin
pacomartin
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July 10th, 2011 at 9:16:33 AM permalink

Mara Carfagna is an Italian politician.

Italy might follow Greece down the hole. Deeply in debt. Sex scandals at the highest levels. GDP is contracting. No immigration, and an aging population. No large companies, and most firms are closed family businesses.
FleaStiff
FleaStiff
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July 10th, 2011 at 12:17:26 PM permalink
So if it can't compete it goes under ... but why should this affect us?

The French change governments, the Italians go bankrupt, the English give speeches in Parliament, ... does any of this mean anything to us?
pacomartin
pacomartin
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July 10th, 2011 at 12:39:02 PM permalink
Quote: FleaStiff

So if it can't compete it goes under ... but why should this affect us?

The French change governments, the Italians go bankrupt, the English give speeches in Parliament, ... does any of this mean anything to us?



Nobody is an island. The Asian financial crisis of 1997 had a lot to do with the USA changing it's economy to being the consumers of the world.
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