The euro has ruined Italy, lo dice Bloomberg
Twenty years of a single currency would have brought nothing to our country. However, our economy also suffers from much deeper structural problems
With the beginning of 2019 l’euro will accomplish 20 years, since exactly January 1st 1999 the single currency made its official entry into the financial markets, to arrive three years later, on January 1st 2002, into the pockets of European citizens, Italians included.
A significant period of circulation for be able to make an initial assessment of its advent. And the sums, especially for the’Italia, They're not flattering at all, actually quite the opposite. Scrolling through the figures put together in recent days by Bloomberg Economics, who gave an account of the first twenty years of euros, in fact, our country emerges with broken bones.
However, what should be explored further is whether our current economic malaise depends directly on the euro, or how much not rather by the fact that the single currency has contributed to amplifying structural deficiencies in our production system. But let's go in order, and let's see what they tell us numbers.
Twenty years of setback
The first evidence, related to the Bloomberg study, they show us without mercy, a devastating scenario for our country. Just think for example that between 1985 and the 2001 il gross domestic product Italian he had grown up with 482 billions of euros (+44%), while between the 2002 and the 2017 the growth was equal to 31 billion, that is, a skimpy one + 2% in almost twenty years.
Another very sore point is that of exports, always the workhorse of our economy. Well, always between 85 and 2001, l’export he grew up in Italy 136,3%, While, since the advent of the euro, growth stopped at a modest +40,9%, that is, less than a third.
To this already desolate panorama, we could then add the fact that GDP per capita is at the same level as 1999, that the unemployment for six years it has always been around 11% and that the industrial production still languishes 22% below the maximum levels reached in 2007. Read More

THE OPINION
L’“man who whispers to the powerful” expresses his opinion in one of his usual Sunday letters to the editor of The weather, second newspaper of the capital. The reader will wonder why these sporadic spaces are given to those who are extremely distant from our positions in many respects. Well, after meeting him, the reason is easy to say: l’ “man who whispers to the powerful” can say things, sometimes, more interesting than others. No offense to those who don't whisper anything to anyone… On the contrary…(N.d.R.)