Mar

6

Italy, from anonymous

March 6, 2013 |

 For anyone who thought the worst is definitely over for the EMU, it might be helpful to watch Italy over the next couple of months. The irresistible force meeting the unmovable rock sort of thing, as the Germans preaching austerity are met by Italians saying no way as they head home for their mid-day pennichella. I thought the European banks were close to being buyable again, but I guess I was wrong. As Carder observed, beware the Ides of March. They seem to be an interesting time for things happening in Rome.

Paolo Pezzutti writes: 

As an Italian once again I have to observe how prejudices are still widespread. I don't know many people in my country who head home for the mid-day pennichella. I work at least 12 hours a day and like me there many who work pretty hard. Often with low salaries and unfair contracts. This article references the position of the left party (Democratic Party) which is bringing forward, very similarly to other countries in Europe like France, the idea that the kind of austerity we are implementing has very tough implications socially and on the economy (we entered in a deep recession because of higher taxes). One can agree with this position or not, but frankly speaking, I don't think this kind of silly humor is appropriate. 


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