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Italy In The Maelstrom Of The Euro

italy economy

Italy joined the euro zone in 1999, with Prime Minister Massimo d’Alema of the “Democratic Left” party. This fateful participation, which entailed the complete loss of independent monetary policy, is undoubtedly the main cause of the disappointing performance of the Italian economy. The country’s GDP currently stands at EUR 1.75 trillion euro and its growth rates are extremely anemics, reaching ...

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