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 Post subject: Javier Noriega, chief
PostPosted: Mon Aug 13, 2018 11:01 am 

Joined: Sat Jul 28, 2018 3:36 pm
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by Eric J. Lyman


ROME, March 21 (Xinhua) -- Both with a mammoth debt load, a slow growing economy and stubbornly high unemployment rates Authentic Tyler Toffoli Jersey , it may be misleading to draw a parallel between Italy and Greece, which is fighting for its life as part of the euro zone.


Analysts say a comparison between the Italian and Greek economies is unfair, at least for now, but Italy needs to make efforts to avoid a fate like that of Greece.


Earlier this week, Italian Finance Minister Pier Carlo Padoan called the parallel "out of place". "Italy has significantly strengthened its position... Italy is gaining a lot of confidence in the markets Authentic Tanner Pearson Jersey ," Padoan said at the Ambrosetti Conference in northern Italy.


Analysts agreed -- up to a point.


"Keep in mind that Padoan is a great motivator and so he is expected to say things like that," Pietro Paganini, from the think tank Competere, told Xinhua. "There are some positive indicators in Italy and some negative indicators. I do think Italy has a very, very long way from having the kinds of problems Greece is having. But it does not mean government officials can relax."


Paganini and other analysts said that the biggest benefits the Italian economy has...are weak fuel prices and a weak euro Authentic Derek Forbort Jersey , which aids the export and tourism sectors.


Greece has the same benefits, obviously, but, as Carlo Filippini, a political economics expert with Bocconi University in Milan Authentic Alex Iafallo Jersey , said, "It is much later in the game for Greece; they need more than that" in order to recover.


Greece's national debt is around 180 percent of its gross domestic product (GDP), compared to about 135 percent for Italy. Some media have noted that Greece's official debt level was below 130 percent of the GDP at the start of the economic crisis in 2009, below Italy's current level. But Greece's budget deficit at that time was nearly double Italy's current deficit level, and in any case analysts say it's a mistake to make comparisons based entirely on macroeconomic figures.


For his part Authentic Mike Cammalleri Jersey , Paganini scoffed at comparisons between the situations in the two southern European countries.


"Italy's industrial ecosystem is strong, much stronger than the one in Greece," he said, "Italy has plenty of industrial production, despite the economic crisis Authentic Adrian Kempe Jersey , and they are starting to export."


Javier Noriega, chief economist with Hildebrandt and Ferrar, agreed: "These are difficult times for Italy, but nothing like what the Greeks are experiencing," "People there are hoarding cash Authentic Oscar Fantenberg Jersey , banks are on the brink, tax revenue is dropping. None of that is happening here (in Italy)," Noriega said in an interview.


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 Post subject: Re: Javier Noriega, chief
PostPosted: Mon Aug 13, 2018 11:29 am 

Joined: Sun Aug 12, 2018 11:04 am
Posts: 2
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 Post subject: Re: Javier Noriega, chief
PostPosted: Fri Sep 28, 2018 8:59 am 

Joined: Tue Dec 26, 2017 11:10 am
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