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We will have to see if Trump's promise to raise 3 billion for infrastructure bears out.
From Italy's perspective it is good to have Germany's trade surplus highlighted repeatedly, hard and often.
As it should be, whomever the voice belongs to!
Right now it's treated as an inconvenient truth no-one wants to address, yet it's a vital ingredient in u derstanding why the currency has become a cage instead of a convenience for so many in Europe. The 800lb gorilla...
When Prodi took us into the Euro, he promised Italians a day less working and an extra day's pay in order to effect the change without recourse to referendum.
The next day they paid double for a coffee, fast forward to now and we've lost a quarter of our manufacturing and have youth unemployment at 40%. Of course we're happy Albania's economy is growing and all, but from Italy's perspective it's our lunch they're eating.
I have zero illusions Trump is doing this from the goodness of his heart. Europe's disintegration as Superstate big enough to punch weight with USA, China, Russia seems inevitable at this point due to the incredibly poor calibre of Eurocracy we've been able to manifest. If you hate your currency as badly as most do here, something's seriously skew-wiff. If far-right parties are sprouting up like mushrooms, idem.
Unfortunately worthy, capable statesmen don't grow on trees.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Fri Feb 3rd, 2017 at 12:11:37 PM EST

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