The Italian economy

by Mario Baldassarri

Since the early 1970s the Italian economy has been moving towards an irreversible real and financial crisis. Paradoxically, the conditions engendered by the currency crisis and recession may also provide the basis for a new economic policy strategy, which could build a mere 'economic miracle!' A series of miraculously concurrent circumstances make it possible for Italy to make a great leap forward, which could take it from the tail-end of the industrialised countries to one of the leaders. This may imply sacrifices that will be more than compensated by improvements for those that are...