www.broncosauthoritystore.com/in VibezMuzik Forum Exklusiv 14.12.2018 09:01
von Minyan • | 833 Beiträge | 74970 Punkte
by Eric J. Lyman
ROME Paxton Lynch Broncos Jersey , July 14 (Xinhua) -- Italian Prime Minister Matteo Renzi raised eyebrows in the past week when he said he envisioned "United States of Europe" with Italy as its economic driving force, the continent's economic locomotive -- a term generally used to refer to Germany, the continent's largest and most powerful economy.
Renzi's belief in his ability to push through meaningful government reform is unwavering. His confidence helped him push out previous Prime Minister Enrico Letta, and convincing Italians of the value of his reform agenda helped him earn a strong victory in May's European elections that helped propel him to a strong position as Italy took over the European Union's rotating presidency July 1.
Since then, he has pushed for greater flexibility in the 28-nation bloc's austere economic policies championed by Germany, and he wagged his finger at German bankers for over-stepping their bounds in weighing in on economic priorities in other countries.
But casting Italy as the main economic driver for Europe?
"It's possible, but certainly difficult and I would say that if we speak of the near term Billy Turner Broncos Jersey , which is to say within a year or so, then, no, there is no chance it will happen," Carlo Filippini, an economist with Bocconi University in Milan, told Xinhua.
Filippini's doubts are easy to understand.
Italy's economic growth rate has trailed that of the European Union as a whole in 12 of the last 14 years.
Even now DaeSean Hamilton Broncos Jersey , economic indicators are mixed: consumer confidence and purchasing orders have shown signs of life in recent weeks, but industrial production fell in May and government debt is an unsustainable 133 percent of the country's gross domestic product.
Unemployment levels, meanwhile, remain stubbornly high at 12.6 percent, and two weeks ago, Confindustria, the country's influential industrial association Josey Jewell Broncos Jersey , slashed its GDP growth forecast from an already anemic 0.7 percent to just 0.2 percent.
On a per capita basis based on purchasing power, Italians are as rich today as they were way back in 1996.
"Economic indicators do not paint a pretty picture, but we have to remember economic reforms yield results very slowly," Javier Noriega, economist of private banking Hildebrandt and Ferrar said in an interview.
But the task of transforming Italy's heavily-taxed, slow growing, and overly bureaucratic economy into a growth engine is not without hope Isaac Yiadom Broncos Jersey , economists say, mostly because of Renzi's reform agenda and further reforms yet to come.
"If this change is going to happen, it will be because Italy underwent radical, shocking reforms that transform the economy completely," Pietro Paganini from the think tank Competere told Xinhua.
"It's not that far-fetched: around [the northern Italian areas of] Milan, Turin, Veneto Royce Freeman Broncos Jersey , Emilia Romagna, they are already economic drivers, and as recently as the 1980s, Italy played an essential economic role," Paganini continued. "But it would take at least ten or 15 years for Italy to return to the position it held in the 1980s."
Filippini, Noriega, Paganini and other experts all agree that here is a big element of public relations in Renzi's boastful statements -- he has to make Italians believe in themselves and in the future of their country.
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RE: www.broncosauthoritystore.com/in VibezMuzik Forum Exklusiv 10.01.2019 05:25
von jarejo • 1 Beitrag | 70 Punkte
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