Italy has entered permanent recession

>€2.4 trillion debt is completely unsustainable
amerilards have 10 times that debt plus theyre running a trillion dollar deficit every year. that is the richest country in the world what a fucking shitshow.

we're taking you all down with us
srry not srry

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Italy has the 4th largest sovereign debt in the world behind the USA, China and Japan but unlike those countries Italy has no way of extricating itself.

Most countries can boost economic growth to get out of debt. But for Italy, that isn't possible. In order to stop its debt ratio from rising over the next five years, Italy’s economy would have to expand by 1.3% per year. Italy has achieved an average growth of just 0.4% since 1999

Second, the country could implement some fiscal austerity. However Italian governments have run primary budget surpluses in 23 of the past 25 years without bringing the debt ratio down.

The third way to get out of a debt crisis is to cause inflation so deflating the real value of the obligations. Unfortunately for Italy, the country has no control over inflation because it is part of the eurozone. That means all decisions about monetary policy get taken by the ECB

The ECB won't allow inflation across the eurozone simply to enable Italy to rectify its debt problems.

How does Italy get out of this mess?

There is really only one option. It can default on its debt and send shock waves through financial markets.

>niggers
>labour

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i know that italy is going through a lot of crisis, but i still believe italy can come out of it, they should have accepted coins as a currency mode this would have been solved by now,

This
"debt" is literally just a social construct and literally wont matter. The value of your currency is entirely based on your own productivity and resource scarcity.

Is this a good time to get a qt Italian waifu?

This is why governments should be required to have a balanced budget and not allow deficit spending.

Have you seen a goverment labour program, the way they word it for these dumb fucks is that if they don't work lifting a box up and down for 6 hours a day they will lose their gibs.

And even if they don't and the vast majority does nothing that's still goverment money circulating trough the country and not rotting in someones smart investment fund.

>implying the US will ever work itself out of its debt
>implying the entire financial system isnt set up so that we are all wage slaves and international bankers get rich on interest payments

All this debt is unsustainable. People keep predicting collapse and plenty of nervousness out their. But I don't understand how I can keep waking up everday and people just carry on in their bubbles. It's fucking wierd.

all italians are niggers

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>forcing greek kids to die on the street
>return to the true mean
you can go to fuck off
this shit was forced
how the fuck you are on biz and supporting a system based on debt?
eu economies are totally different one each other, imposing a currency with fixed value is causing an obvious disaster
it's like forcing a group of 20 top 50 shitcoins to move together in price
do you want a fucking URSS in europe? do you want financial jails?
ARE YOU RETARDED KIDDO?

What matters is the % of GDP, Italy has 130% of its GDP, the US just 80%.
That said what matters even more is who own the debt, for example Japan has a crazy amount of debt but most of it is owed to its own citizen and national companies so there is little exposure.

MAMA MIA SPAGETHERIA

PASTA LA VISTA BABY

Italy has no control over the value of its currency though.
soon enough...

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I don't know if this is bait. I sincerely hope it is.

>And even if they don't and the vast majority does nothing that's still goverment money circulating trough the country and not rotting in someones smart investment fund.
>rotting in someones smart investment fund.

based retard

PIZZA MAFIA SPAGHETI BERLUSCONI FERARRI

>He thinks people invest in banks anymore
>He doesn't understand that majority of investments are merely barely valuable housing or foreign investments
And that's not even touching on the fact that I was using smart ironically. Obviously their investment is a fucking waste of money trying to win it all on a quick gamble that doesn't circulate money.

>How does Italy get out of this mess?
out of EU ASAP
cope, your north eu city are filled with niggers, italy is the only country trying to stop racial replacement, but this 20% of leftists cucked sjw are very noisy with the judicial system
t. whiter than you

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out of EU ASAP
>Italy leaves EU
>Italy is then obligated to repay the entirety of its debt immediately
>Can't repay debt as it is 130% of GDP
>Complete financial collapse
>End of Italy

Enjoy your spaghetti cave

>Cheap/free labour is beneficial to the economy
WHERE ARE ALL THESE MONGOLOIDS COMING FROM?
HOW THE FUCK CHEAP LABOUR IS BENEFICIAL TO A COUNTRY THAT HAS 30% YOUTH UNEMPLOYMENT?

Buy land in the Po Valley, user.

>Can't repay debt as it is 130% of GDP
Of course it can, it just needs to do a massive inflation, cause inflation with budget surplus works very well
fixing the price of your currency doesn’t work at all
Eu economies are totally different, they have different models, different needings, the way a country manage his financiers should be free
JUST LIKE FUCKING US
WHY THE HELL ARE YOU ON BIZ OTHERWISE

Sardinia looks incredibly comfy

I like Sicily more, but it’s too near Africa
In few years Sicilian will be totally cucked

The next few years will be interesting for the West to say the least.

>Italy has entered permanent recession
Fake
>Italy has been in budget surplus for 25 years and still hasn't been able to reduce its debt
Fake and gay
>An Italian default is now guaranteed and will cripple the Eurozone and send shockwaves throughout the global economy
Fake

i saw less niggers in sicily than i saw in napoli or bologna. Even Milano has more nigger than sicily, sicily is to poor for migrants.

Sicily is the first place the boats reach from North Africa

By not employing expensive, nagging youths who understands their rights? Because you see, slave labour where the worker makes 100 euro a month over the native worker who would demand 2 thousand euro a month is still beneficial for large business owners and government because that's still 100 euro circulated in society. Meanwhile those 2000 are harder to come up with for greater and greater yearly gain expectations. And a non-paying member of society isn't a problem outside of medical expenses (which is covered by such schemes such as needing to be on goverment gibs or addictive drug sales) because they will take no value, the only problem they could present is merely being unsightly as homeless.

Understand, the global buisness society has formalized and perfected this idea. Of course it's popular as fuck to take in a billion of knuckle dragging louts, they're basically human robots.

it reaches lampedusa yes. But they won't stay there for long they will get shipped to the north where the gibbs money is.

pay denbts nigger

If consumers are all unemployed and have no income then they cannot purchase the products and services of these large corporations. It doesn't matter how cheaply you can produce goods, it counts for nothing if no-one can afford them

You also forget that, outside of America, the entirety of the Western world (especially the EU) provides heavily socialised healthcare to its citizens.

Greee shouldn't even be in the EU to begin with. Their govt faked their way in with hidden debt so they would meet the financial requirements. They did this to themselves.

Buy more Mario games to help Italy.

Again, 1: nogs and other foreigners are easily employed because they come from countries where a pittance is a fortune and the ones that don't work still circulate money and spend it. Gibs aren't wasted money. Great Value is not created from cosumption inside the country but rather selling to other countries or global businessmen.

2. Healthcare has alternative methods of creating wealth, tax, medicine addiction, populist support.

Fuck Yeah, holiday apartment in Tuscany

tell me about france, would it be painful for them to not be completely inept with money?

>destroying middle class and Italian sweet life is smart

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inherited house from grandparents
t. italian
> one less thing to worrry
I'd like to say:
pros
- food is good
- wheather is good almost everywhere
- price are nice almost for everything
- amazon service very
- avoid too big cities, too many problems
cons
- vast majority people are the worst, even incels here ralling against black people or women are nicer by comparison. Watch your back

I never said it was smart, I said it's what top buisnessmen have found to be the most cost effective and therefor proffitable and what goverment statistists have found most gain from. To be smart it'd actually be willing to sacrifice or be able to do long term planning, a thing that does not go well with current business practices. Understand too that too the groups that this matters to italian nationality or italian spirit does not matter. Middle class are merely what you price fix for and italian sweet life can be bought with private resorts, these have been meticulously calculated and patterned down as acceptable changes.
I'm not agreeing with it but the brutal efficiency off it is simply what is the goal of most EU/US global elites. Especially if travel is cheap or free and they can simply move to their other businesses in richer countries.

Why don’t Italians just work harder?

They all keep emigrating

How young are you people? When I was a kid I swear Italy would collapse biweekly.

>>€2.4 trillion debt is completely unsustainable
I am certain most of it is not even real. Greece has been economically destroyed with fake debt by Germany, France, Britain. Called the greek population lazy. Yugoslavia, before, same fate. Ewen worse, as a typical consequence, war. Middle East. Even though there is a lot of fake news. Don't like the Islam and the radical extremist muslims, but, same story.

>- vast majority people are the worst, even incels here ralling against black people or women are nicer by comparison. Watch your back
Elaborate. Can't imagine an average Italian being worse than incels on 4chins

Jow Forums isnt even old enough to maike a brokerage account, thats why its all crypto

i have been telling you fags for years now that italy going belly up and experiencing a cascading bank insolvency and a total collapse of it's financial system will be the trigger to the next btc moonshot.

Naples is a dangerous shithole. Just take a train out somewhere in the circumvesuviana and stay at a nice place nearby

people aren't buying imaginary money when they can't afford food.

and the EU set itself up for disintegration by disregarding its own weaker parts.
The US became a strong nation by bailing out weaker states after the war. The EU did this to themselves as well. Good riddance.

AHAHAHAHAHAHAHUAHAHAHAHAHAHHAAHAHA!!! GOOD LET IT ALL BURN LET IT ALL CATCH IN FLAME AND BURN! I CANT WAIT UNTIL MADNESS IS EVERYWHERE AND EVERYTHING IS DESTROYED! LET'S JUST END IT ALL

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italy is the 4th biggest economy in eu which is the biggest economic powerhouse on the planet.
so far financial crisis only struck small shitholes like greece cyprus and venezuela. and the price action reflected it every time. this time it's gonna be big.

>italy is the 4th biggest economy in eu
That's because 1/2 their GDP is in Al Pacino and Joe Pesci

next crsis! eurozone is dead! db bank and its crimes will be dead, it's alread halfway there.....
who knows, the system was never meant to work anyway

no they actually have a serious industry. i know it's surprising because that's not what you think when you hear italy...

They already work hard
They work as hard as in north Europe for 1/4 of the salary, that’s why we are all emigrating
(to be honest north europeans are a bit more lazy at work, i’m really comfy with that, everybody is chill, and that’s not necessarily a bad thing)

We are full of niggers and this user is an sjw, nothing to see here

>Their govt faked their way in with hidden debt so they would meet the financial requirements
Goldman Sachs helped them. Are we gonna blame them too?

>I am certain most of it is not even real
That is a fact. This is how the current economic system operates.

You are not entitled to my labor, pay debnts. You shouldn't have lived a lifestyle you can't afford with 60% of the working population in government jobs

"You have a nice gf? then I will spread rumors and create fake accounts to see you fail, doesn't matter I won't gain anything"
backstab with a smile
"just like Chinese police now in HK, but while giggling" mentality
slimy employers
College professors belittle and humiliate students with a giggle, because it's fun
sociopaths
Difficult to have rational conversations (rational = calm without insulting), always trying to get under your skin or rip you off or manipulate. Very tiring
psychopats
a bit like American Psycho
Shakespeare was correct with the treacherous Jago, only add Berlusconi's punch-me-in-the-face smug smile
Big egos
high school bully mentality
fake people
smug food elitists
always ready to group pound onto the weak, for compensating their own insecurities
bully pack mentality
"I'm a paying costumer in this restaurant/hotel, therefore you are my subhuman servant and I'm always right" mentality

something like that. Obviously not all of us, but I don't trust many, even with very simple tasks or questions.

>Goldman Sachs
(((Draghi)))
(((Monti)))
probably more jews than jews

>60%
go read actual statistics faggot
public sector employees are among the lowest in europe
you people don’t know shit about real data

I plan on assembling a harem of sultry Mediterranean beauties and keeping them constantly pregnant with my potato nigger seed.

>nogs and other foreigners are easily employed
wrong
>and the ones that don't work still circulate money and spend it.
what money, my taxes?
>Gibs aren't wasted money.
not for niggers cause it’s free money
for me that I pay taxes it is money flushed down the toilette
>Great Value is not created from cosumption inside the country but rather selling to other countries or global businessmen.
Commercial balance should be in equilibrium you fucking mongoloid
now because of Monti we are dependent on export, which is obviously a very bad thing when there are no buyers
Internal demand is way more stable
Fucking retarded Erasmus generation needs to be financially rekt before they start getting how real world works

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good. lots of cheap italian whores for us swiss in perspective. they will come here swallowing our cum to afford some parmigiano for your pasta.

>people are entitled for thinking that they don't want to be treated like slaves
fuck off mental jew

America also has a colossal economy
As a % of GDP Americas debt and defecit isn't that bad

>trump reaction image
>knows fuck all about how the economy works
like pottery

Italy is rotting because of people like you
Leftists SJW cucks which are both neoliberals for white people and socialists for niggers
Constantly fighting entrepreneurs and calling them tax evaders
Letting skilled engineer go abroad and importing sub-human monkeys “to pay pensions” while it’s clear this is never going to happen
there is a special place for you in hell
die bastard, you are the cancer of this country