The Italian sure are working up an appetite:
Many Italian residents, such as the Fiat employees shown above, have their incomes protected by a unique government-funded program that gives furloughed employees up to 80 percent pay. (Massimo Pinca/ Associated Press/ File)
"Facing the same path as Greece, Italians unfazed by talk of crisis" by Colleen Barry, Associated Press | March 18, 2010
MILAN — As Greece wins at least temporary respite from its debt troubles, will Italy be the next to face a crisis?
Related: Greek Crisis Claims Germany As First Casualty
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Looks like a bunch of dominoes lined up to me.
The chronically underachieving nation is saddled with an astonishing level of debt, no real prospect for growth, and a leader mired in scandal.
Related: Bloodied Berlusconi
Serves the lying, war-criminal scum right.
True to form, Italians, by reputation prone to living in the moment, do not seem too concerned: They have high levels of savings, tourism, iconic brands, and a habit of muddling through.
I love the Zionist MSM and their subtle insults.
If it ain't Jewish, there is always a dig.
As Greece struggles to extricate itself from its stunning troubles, Italy is in the sights of the world’s euro-skeptics with good reason....
Economists and investors are debating whether the ‘i’ in PIGS — the unkind moniker used to single out the sluggish economies and big deficits of Portugal, Italy, Greece, and Spain — really stands for struggling Ireland, not Italy.
I am sensing some ELITISM, aren't you?
And please, STOP INSULTING PIGS!
I don't know if you are aware of this, readers, but PIGS RANK like FOURTH on the INTELLIGENCE SCALE! They HAVE PERSONALITIES!!!
Some propose extending the acronym to PIIGS. But many Italians take the attitude: If you have a pig, make prosciutto.
And if you have lemons make lemonade (as bankers party)!
Tired of the INSULTS yet?
Thus far the markets — which turned so savagely on Greece in recent months — appear to agree.
Yeah, working for you, citizens of the world.
Ratings agency Fitch has indicated that Italy’s country’s AA- rating is stable. One result of this: although Italy shares some of Greece’s afflictions — corruption in addition to the debt and slow growth — its borrowing costs are not as high.
Yeah, it is all whatever makes the CREDITORS happy -- and if you are in real trouble, they up the rates like a LOAN SHARK!
So why they shining on Italy and s***ting on Greece?
And Italy’s debt is of longer maturity and its spreads, or interest rate difference, over benchmark German debt are smaller than for Greece.
This meal ain't tasting too good, readers.
People seem sanguine about problems that might agitate a society with less perspective — or cynicism: a widening corruption scandal involving contracts for the G-8 summits; rigging of soccer games; the investigations targeting Premier Silvio Berlusconi for allegations that he has used his influence on RAI state television’s political coverage.
Wow, and I rarely read a word of that over here.
Check my Italy labels for what I am getting.
And when the problems do hit home, Italians tend to rely heavily on their families, who, thanks to Italy’s postwar economic rebirth, have so far been able to provide very tangible cushions against more recent trends of stodgy growth, low wages, and uncertain employment.
That is what it always comes down to in the end, isn't it?
The basic unit you can count on.
Not government, religion, or any other institution.
That's why the agenda-pushing Zionist AmeriKan MSM covers the issues they way they do. Trying to destroy all but one very select slice of "family," if you know what I mean.
But Italians’ calmness might soon be severely tested by masked vulnerabilities.
You mean HIDDEN and CONCEALED, MSM?
Companies large and small have been taking advantage of Italy’s unique form of temporary layoffs at a maximum 80 percent pay from a government-industry fund, allowing companies to halt production during slumping demand, while maintaining workers’ ties to the company.
Oh, they get that rather than a bank bailout?
No wonder the globalist controllers have Italy in their sights.
That masks unemployment, and so far the programs have kept Italy’s unemployment rate to a relatively stable 8.2 percent, and prevented internal demand from collapsing.
Yeah, but it is a fraud with tax dollars taken from the private sector to go to unemployed public employees. That's not helping the economy.
Now, some 18 months into the crisis, the schemes, which can be used only for 52 weeks in any two-year period — are set to expire.
--more--"
Only a one course meal, readers.
