Italy is now experiencing its third recession in a decade, its economy’s downward trajectory increasingly resembling Dante’s descent into his Inferno’s nine circles of hell (minus the prospects of ultimate redemption). Following the EU rule book to which it promised compliance has “asphyxiated Italy’s domestic demand and... read full story
"asphyxiated Italy's domestic demand and exports—and resulted not just in economic stagnation and a generalized productivity slowdown, but in relative and absolute decline in many major dimensions of economic activity,"
Photo: Mario Draghi, President, ECB, European Central Bank.
