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London School of Economics: Italy will be dead within 10 years

Other than recovery: according to the authoritative forecast of the London School of Economics and Political Science (drawn up by the Italian professor Roberto Orsi…), Italy has a maximum of ten years of life: here's why.

London School of Economics: Italy will be dead within 10 years

Other than recovery: according to the authoritative prediction of the London School of Economics and Political Science (drawn up by the Italian professor Roberto Orsi…), Italy has a maximum of ten years of life.

And to prove the baleful prediction there are simply numbers. Shall we start with the 10 companies that went bankrupt in the first 9 months of the year? Either 12,5% ​​unemployment, or the public debt now over the 130% threshold and growing (yes...) for 2014, or the 80 billion euros that we have to pay each year just to interest, going from 3% of the deficit which remains a target achieved and maintained in the space of a few months to then be exceeded, ending up with a 60-70% tax burden, now too unsustainable and against which the state's needs continue to grow in parallel with the costs of politics? 

Let's talk about it again: 8% less GDP in the last 5 years (5% only in the last two according to some statistics of European Union economists), a manufacturing sector reduced by 15% again since the beginning of the crisis (manufacturing sector which was in excellent shape and just behind the largest in Europe, the German one… coincidence?), destroyed by unfair Asian competition, also benefiting from the underestimation of the problem. And in the face of this, the rest of us should rejoice in a (possible) 0,3% growth or 0,1% of Spain which considers itself out of the crisis while a quarter of its population is walking the streets, like Greece too which "boasts" a surplus that will never be used to help 50% of its jobless young people because it was immediately seized by creditors (among other things, the surplus in question is nothing more than the result of taxes and not of industrial production).

How long would then be left for the patient to live? Optimistically, the prognosis of the London School of Economics speaks of no more than 10 years, while chemo treatments (all-out taxation) and radiotherapy (protection of privileges and inertia on stopping waste) are worsening the patient's quality of life as well as dramatically shortening its duration. Catastrophism or healthy realism? The answer in no more than ten years.

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