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More garbage from these self-loathing, paranoid, Brad Pitt fetishists:
"unleash a new era in Italian life, supposedly one of austerity (ignoring that two years after Berlusconi, Italy's debt to GDP ratio has never been higher)"
So "austerity" is measured by "debt to gdp ratio" by these ZH idiots same as the morons they are supposed to be criticizing.... is this helpful..
"All Italians still remember the smirk of scepticism on the faces of Angela Merkel, the German chancellor, and Nicolas Sarkozy, the French president, when they were asked at a press conference in October if they had confidence in Mr Berlusconi’s ability to cut the deficit or reduce the debt, which was then at 120 per cent of gross domestic product. (The latest figure is 133 per cent.) So yes, for anyone still confused - since total debt/GDP has risen by 13% in the past two years, the last thing Italy engaged in was austerity designed to moderate its out of control public spending. "
Again we see these morons measuring "austerity" by the "debt to gdp ratio" and criticizing "out of control public spending" which they dont even measure here... again essentially AGREEING with the same morons that they are supposed to be criticizing... and taking a card-carrying 'debt doomsday' approach
Reading this is like watching a moron civil war... between these ZH idiots and the EU morons for who has the better ideas for how to implement REAL austerity that will actually "lower the debt to gdp ratio"...
The ZHers are also in favor of euro exit - and that , considering the likely (and otherwise desirable) immediate depreciation of the new Lira would raise the debt/GDP ratio.
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More garbage from these self-loathing, paranoid, Brad Pitt fetishists:
"unleash a new era in Italian life, supposedly one of austerity (ignoring that two years after Berlusconi, Italy's debt to GDP ratio has never been higher)"
So "austerity" is measured by "debt to gdp ratio" by these ZH idiots same as the morons they are supposed to be criticizing.... is this helpful..
"All Italians still remember the smirk of scepticism on the faces of Angela Merkel, the German chancellor, and Nicolas Sarkozy, the French president, when they were asked at a press conference in October if they had confidence in Mr Berlusconi’s ability to cut the deficit or reduce the debt, which was then at 120 per cent of gross domestic product. (The latest figure is 133 per cent.)
So yes, for anyone still confused - since total debt/GDP has risen by 13% in the past two years, the last thing Italy engaged in was austerity designed to moderate its out of control public spending. "
Again we see these morons measuring "austerity" by the "debt to gdp ratio" and criticizing "out of control public spending" which they dont even measure here... again essentially AGREEING with the same morons that they are supposed to be criticizing... and taking a card-carrying 'debt doomsday' approach
Reading this is like watching a moron civil war... between these ZH idiots and the EU morons for who has the better ideas for how to implement REAL austerity that will actually "lower the debt to gdp ratio"...
The ZHers are also in favor of euro exit - and that , considering the likely (and otherwise desirable) immediate depreciation of the new Lira would raise the debt/GDP ratio.
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