in some ways it seems a lifetime ago, for others it has the sense of a project born recently, and is deeply incomplete. Perhaps both definitions are correct.
it Was the day of 1 January 2002. And it is precisely that 1 January is the Euro, or rather, the Euro was born in 1999 but at that time the project becomes concrete, and the Euro coins start to circulate.
As of things have happened since then… and how they’ve changed the prices… Look here.
(…) it’s a long list of goods and services over the past 15 years, since the introduction of the euro that took place on the first of January 2002, have seen the rising prices. But there is also someone who has witnessed the opposite phenomenon, in particular, all the electronic compartment, from phones to cameras. (…) It is from that date that the euro is on the bench of the accused as the main reason for the loss of purchasing power of the italians, worsened by the economic crisis that has exacerbated the difficulties of our Country. The criticisms that have been reduced in the last period, thanks to the deflation that has hit the Old Continent as the last effect of the global economic crisis. (ANSA)
we Give to Caesar that which is Caesar’s, and therefore it is right to not feel sorry for themselves too much on him, even if sometimes you feel like it. Then it is clear that no one can say with certainty how it might have been Italy WITHOUT the Euro and where would we be today. As well remains difficult to draw a future without the Euro but with a sustainable economy. And here there are the most various assumptions.
of Course is that everyone (we mean the various countries) must also be responsible for our own actions. to Generalize is certainly not good. Italy in all these years has lost important opportunities to get back in careggiata". Instead, our public debt has made the ec go up and today we find ourselves in a situation of great weakness, especially when discussing with countries in the euro-zone solidity and sustainability of our debt.
But be assured that the inequalities in the Eurozone, there is no shortage of. For exa mple, did you know that the 10% of the population the Eurozone owns more than half of the wealth of the whole area?
(…)The median household in the euro area had a net wealth of 104,100 euros ($ 108,800) in 2014, about a 10th lower than in 2010, according to the survey. The richest 10 percent had 496,000 euros and the poorest 5 percent had a negative net wealth, with liabilities wiping out assets. The Gini coefficient, a statistical measure of inequality, rose to 68.5 from 68.0. A reading of 100 would signify maximum inequality.(…) (BBG)
As you can see, the Euro project has been handled very badly, with so many holes that today are no longer justifiable. This is why it is needed is a real revolution with new treaties, new agreements, new rules.
instead, What I want to propose to you is one of the most important charts the macro-economic level in our country(according to me) and shows us that, perhaps, is not only the fault of the Euro, if Italy is in this condition. We cannot say that the purchasing power of italians has risen much, don’t you think? Then look below. Since 1999, the year of the birth of the Euro as the accounting currency, the cost of the Italian job, compared with the German one, it became really small. The fault always of the Euro? Or are there structural problems far more serious that beach the growth of our country, condemning it to a picture of the market always anemic? In other words, you realize that, since 1999, the cost of the work, in Italy, +46%, all without increasing our purchasing power, while in the usual, Germany is "only" +21%? Can you imagine what this means for taxpayers and businesses?
in Addition to the inequalities in Italian prevails because of strong iniquity to the level of pay.
(…) The first survey by Istat on the variability of salaries between the salaries of more fat and more lean "dance" at least 12,7 euros an hour. Foreigners earn 18.6% less. The salary grows with the degree, but also the differential between men and women. The best salaries in the finance, the hoax of the determined times: add to the precariousness of an economic treatment to the detriment (…) [Rep]
Or, again, the difference between men and women…
(…) Remains an urgent topic of the difference of pay between men and women: the hourly wages of the latter are € 13, against 14.8 of men (-12,2% differential). The gap widens, where wages are higher and then the fracture in the scope of financial assets reached its peak: between women and men there are 28 euros difference for every 100 pay (…)
Or the ratio between average wage of the hourly between the North and the South…
And in this scope, as it has to do with the arrival of the Euro? Or even here we are faced with structural problems, which then, with the Euro, they have lived their course?
STAY TUNED!
Danilo DT
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happy Birthday EURO! It’s all his fault, or not?,
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