Sunday,
December 03, 2006
Spain is About to
Pass Italy in GDP per Capita
The
ANNOTICO Report
Headline
says: "Spain Roars Past". Actually that haven't
even Passed Italy!!!!
And When
the Pass Occurs, it would be an "EASE" Past, NOT Roar Past!!!!!!!
Premier Romano Prodi's repeated appeals for profound
reforms to increase GDP have yielded little and faces stiff resistance
even from within his center-left coalition with deep union ties.
But Italians do
not view this development with much concern, and eye change cynically.
Italians feel
that have the Best Culture, in a Beautiful Country, with the
Italians
Watch in Disbelief as
But
Don't Expect Big Changes
International Herald Tribune
The
Associated Press
Until
recently, Italians thought of
Now, Italians are
uneasily looking over their shoulder as the Spanish threaten to outstrip them
in per capita GDP. The reversal of fortunes has become fodder for newspaper
columns and dinner party chatter.
"It's a pity
for
But does that
mean an economic revolution is around the corner? Don't count on it.
"They think
they live better than most people, and they think they have more to lose by
making changes," said James Hansen, a consultant who has been following
Italian business trends for the last 30 years.
Not everyone
wants to remain contented with a fine plate of pasta and a glass of Chianti.
Thoughts of
"You can
enjoy the Italian way of life and you can sit and relax," said Tommaso Nannicini, a 32-year-old economist. "But you should be
aware that this is coming at a price, and the price is that other countries are
growing faster than you."
"I'm not an
isolated case," Nannicini said. "You'll
find a lot of Italians around university departments all over the world."
In
Premier Romano Prodi's repeated appeals for profound
reforms have yielded little and
faces stiff resistance even from within his center-left coalition with
deep union ties.
Wounded pride
aside,
"It is
actually a good thing. If an economy grows fast, it is buying more things
abroad. It means essentially that Spaniards will be buying more Italian food,
wine and machinery," said Francesco Daveri, an
economist at the
The
ANNOTICO Reports
Can
be Viewed, and are Archived at:
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