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Italy: Going down
  • Vitaliy_KiselevVitaliy_Kiselev

    Output dropped 0.7 percent from January, when it declined a revised 2.6 percent, national statistics office Istat said today in Rome. The February rate matched the median forecast of 10 estimates in a Bloomberg News survey.
    Production fell 6.8 percent from a year earlier on a workday-adjusted basis.
    Customer goods production fell 9,6% year to year.

    Via: http://www.bloomberg.com/news/2012-04-13/italian-industrial-output-falls-for-second-month-on-slump.html

  • 7 Replies sorted by
  • KihlianKihlian

    With the new crazy taxes (today the governance also propose another +10 cents for oil), people don´t buy any more, we could not only look at spread and add taxes when no one have more money to spend..

  • Vitaliy_KiselevVitaliy_Kiselev

    @Kihlian

    Yet in other blog post guys gladly propose same solutions to US. :-)

  • KihlianKihlian

    A better solution could be to stop try to procrastinating the crisis and every year people are a little bit more poor, better the state fails and we start again from zero; like in Argentina, after few years of despair they now are better than us. US and EU are dying slowly bled, deluding ourselves to be strong nations. .

  • Vitaliy_KiselevVitaliy_Kiselev

    @Kihlian

    Unfortunately it also won't work. Consequences will be completely different from your expectations.
    So, right now politics are doing best of the possible.

  • KihlianKihlian

    Hope, 'the last to die... :) Biggest hope governance now what they do, but don´t think so..

  • sebasp1sebasp1

    @Kihlian Well we got hit pretty bad on 2001 after years of uncontrolled capitalism and a government who sold our little amount of national industry to foreign capitals. 2001 was the year all that bad management got behind us and bite our ass. Really big crisis like Greece its seems very similar in some aspects. After so much turmoil things did get a lot better and industry started growing again, but its not all roses we still have lots of problems.

    The thing is in 2001 middle class people got their savings from the bank retained and so middle class got out to the street being the majority power of people over government was shown, at least for some months.

    just to add if anyone is iterested:

    a documentary about the collapse. "and in democracy betrayed" vey nice doc! first part you can see one of the most amazing things you can witness, saucepan-banging or "cacerolazo" people all over the street and houses banging saucepans!

    and then very tense moments with clashes against police.

    well just a glimpse of that time, i dont know how but i believe argentina got ahead of the world and the crisis world is having now got us 11 years ago.

  • anacrofilosotecaanacrofilosoteca

    Sebas saludos de Argentina! Soy de Ramos Mejía y vos?

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