Italy, I am disappoint

"El Relámpago(LZone) - Humanity First!" (lightningzone)
07/20/2020 at 05:13 • Filed to: None

DISCUSSION (22)

facw > El Relámpago(LZone) - Humanity First!
07/20/2020 at 05:21

I think they still have the 3rd highest life expectancy in the world, which is pretty good?

pip bip - choose Corrour > El Relámpago(LZone) - Humanity First!
07/20/2020 at 05:28

and people say Brexit is a bad thing?

El Relámpago(LZone) - Humanity First! > facw
07/20/2020 at 05:36

Indeed, higher life expectancy and higher age average i s putting pressure on health services and retirement funds. Add that to populist policies and lack of interest in maintaining competitivity and you get that. Still, this map is a rather humorous one, as Italy still has the 3rd GDP in the Eurozone.

El Relámpago(LZone) - Humanity First! > pip bip - choose Corrour
07/20/2020 at 05:37

Yes it is. As the world is discovering.

pip bip - choose Corrour > El Relámpago(LZone) - Humanity First!
07/20/2020 at 05:49

Brexit is a good thing. taking back control of their own destiny, instead of being shackled to the EU juggernaut.

SiennaMan > El Relámpago(LZone) - Humanity First!
07/20/2020 at 06:17

This is an interesting map, it would appear to show the relative success of the Eurozone experiment, even for a country like the UK that never fully integrated. On the other hand, Italy has some nagging economic problems so is this the success of the EU or a decline in economic conditions in Italy?

There are also other factors in some locales to consider. For instance, a nominal end to the troubles doubtless played a role in the UK and RoI per capita GDP increase relative to Italy.. it would be interesting to see an external point of reference as well such as compared to the US or Japan..

facw > pip bip - choose Corrour
07/20/2020 at 06:30

It’s not clear to me why being shackled to UK government is any better. Seems like it just makes bad governance easier, while damaging economic opportunities.

pip bip - choose Corrour > facw
07/20/2020 at 06:31

short term pain for long term gain

facw > pip bip - choose Corrour
07/20/2020 at 06:42

I think it’s going to be long term pain too. Obviously I could be wrong, but I there’s certainly going to be short term problems once the new rules go into effect, and despite the promises of great new trade deals unhindered by the EU, the UK is going to be at a disadvantage in most important trade negotiations, so I really doubt they end up with things better than what they had (on average anyway).

duurtlang > El Relámpago(LZone) - Humanity First!
07/20/2020 at 06:50

Italy still has the 3rd GDP in the Eurozone.

It also has the 3rd largest population. 60 million versus 45 or so for the #4 (Spain), so with quite a big margin. So i t makes sense for them to also have have #3 largest GDP.

duurtlang > pip bip - choose Corrour
07/20/2020 at 06:57

Sorry, but no. The UK is a tiny country, internationally. The EU is a big juggernaut .

D ue to geographical reasons the UK heavily depends on trade with other European countries. The British Empire days are very far behind us.

The UK needs the EU. The EU does not need the UK. The UK has no leverage.

If the UK wants to trade with EU countries, it will need to adhere to EU requirements. Yet, with the UK outside of the EU, the UK has no influence. They used to have an equal seat at the table, now they are an outsider looking through the display window .

El Relámpago(LZone) - Humanity First! > SiennaMan
07/20/2020 at 07:25

Italy never actually quite recovered after the miracle years bubble burst and after yhe Lehman Brothers global shockwave.

Kinja'd!!!

GDP per capita is bigger today than in ‘95, but the other countries had a faster growth pace. I particularly blame Fiat for the lack of economic performance. As in the last 30 years, the company was an also-ran in Europe and managed to survive with profits from Ferrari, Maserati and later Jeep.

Also, they were ineffective in integrating the South in the Italian economy. The South’s evolution looks more like Greece’s.

Spanfeller is a twat > El Relámpago(LZone) - Humanity First!
07/20/2020 at 07:39

I am amazed that Spain has a higher GDP than Italy.

SiennaMan > El Relámpago(LZone) - Humanity First!
07/20/2020 at 07:45

Interesting. So in a way Italy is like a microcosm of Europe? I guess this makes sense since I in the US can name some Italian manufacturers in the n orth where as I can’t name anyone that is HQed south of Rome..

That chart also nicely highlights one of the political tensions in the EU, namely, while many have seen improvements under the eurozone scheme, the Germans have clearly benefited the most and as the earlier map showed, they weren't doing too bad before the euro..

El Relámpago(LZone) - Humanity First! > Spanfeller is a twat
07/20/2020 at 07:53

Per capita. Overall, it's the other way around.

Cé hé sin > pip bip - choose Corrour
07/20/2020 at 08:47

Except that the UK is now replacing the EU with the US and doing their bidding. They've caved in on Huawei at the insistence of the Americans and are now working to reducing their food safety standards to accommodate imports from the US.

BaconSandwich is tasty. > facw
07/20/2020 at 08:48

*had?

I'm guessing the effects of COVID-19 might alter the numbers a bit.

MasterMario - Keeper of the V8s > Cé hé sin
07/20/2020 at 08:58

They’ve caved in on Huawei

To be fair, this is one of the few things I agree with this administration on

But for the food standards, yea, don’t copy us.

pip bip - choose Corrour > Cé hé sin
07/20/2020 at 09:06

they need to resist that one.

The Snowman > El Relámpago(LZone) - Humanity First!
07/20/2020 at 09:27

The lack of development in the south is the problem. People were living in caves in the 1950's in the south. https ://en.m.wikipedia.org/wiki/Matera also a large portion of the south works 100% off the books so none of that shows in GDP.

For Sweden > El Relámpago(LZone) - Humanity First!
07/20/2020 at 09:31

Looks like a bunch of countries need to pay more tribute to Rome.

gmporschenut also a fan of hondas > pip bip - choose Corrour
07/20/2020 at 10:34

By ducking up trade with their biggest partner ? And loosing any future veto in eu decisions? Guess we’ll find out as it’s looking they’re planning to crash out