Saturday, August 9, 2008

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Italy on the brink of recession while the Knight bulldozing on the latest GDP data

Istat said yesterday, August 8, the latest data on the progress of GDP in the second quarter of 2008 : " This is the lowest figure since the third quarter of 2003 when growth was equal to -0.1% ". The Knight back then, and with old figures he already views stagnation and recession.
God, in truth, the international economic situation is certainly not the most optimistic, but while in the United States wanted the substantial fiscal bonus by President Bush has made it possible for families to pass the time of severe difficulty without too much impact on consumption item, in Italy the majority seems very interested in other themes.
Meanwhile the Knight bulldozing worrying about the data of GDP : "The fact is that it is" while also Confindustria, the Italian economy now sees "the brink of recession ".
A few days ago as the bleak the collapse of 7% VAT . Since reveals drop in consumption of Italian families in all its gravity.
So the money is running out, and the Knights finally announced a policy to Uster and savings - with other people's money of course .
So what is going on we have always said. Namely that the economy would one day finally solved the problem all of a ruling class Italian parasitic and disconnected from the masses , a country where the majority and the opposition is discarded in Gard. A country in which the healthy side and can not make it more cumbersome to support a ruling class that is roughly the highest-paid while the most corrupt Europe.

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