Political uncertainty stifles Italy. The alarm is launched by Confindustria pointing his finger at the government and not just because of delays in the country’s economic growth. Italian GDP should continue to grow after the upswing in the last two-quarters of 2017, but it is not enough.
Because the Belpaise is experiencing a much lower recovery than the Eurozone, restrained by uncertainty, a political species.
Especially since the world scenario is very favorable: the dynamics of production activity and international trade have increased. With so many challenges on the horizon for France and Germany, 2017 elections will be decisive for the future of the euro and perhaps the entire continent. In France, Macron has already won, a pro-euro politician, and now all eyes are focused on the German elections, where Angela Merkel looks for another confirmation from the German people, who, however, is tired of paying the debts of other countries.
In all this, where will Italy be? Stop at the Gentiloni government transition or will it have a new government with no known electoral law?
Italy is the third economic force in Europe (after Germany and France) and economic recovery in the country is important at European level. Otherwise the ECB’s efforts to try to improve the situation could be wrecked.
Confindustria states that it is possible to have a combination of situations that will be a turning point for the single European currency, in one way or another. Italy remains silent and has an inadequate growth to emerge from the crisis. Industry and exports push GDP, domestic demand is affected by political instability; Today, every effort should be devoted to boosting the economy and supporting jobs. Instead politicians are fighting for this or that electoral law, trying to figure out who is telling the truth and who lies.
In all this, the Italians are forced to pay: taxes in the country remain among the highest in Europe, the public mechanism is cumbersome and old, justice is slow, health is worsening day by day, and are increasingly the Young people who go abroad.
Fleeing is not just the young, however: even businesses leave Italy because they are paying too much taxes. Take the case of Peroni, bought by the Japanese of Asahi, or Pirelli, sold to Chem China. Both companies, under foreign guidance, have improved: Peroni has avoided bankruptcy, Pirelli is stronger and shows it back on the stock market (will be listed on the Milan Stock Exchange as of October 2017, a month when there will be a lot of money Famous Pirelli IPO, expected by many investors. We suggest three more sources to read for all of those who are interested: Pirelli IPO on official website, Pirelli to overtake AIB with largest European IPO this year on Irish Times and Pirelli reports growth ahead of IPO on Rubbernews).