EU Problems in Italy

AJC, 5/29/18 page A-4 reports “Italy’s political pandemonium” Italian voters are fed up with the Muslim Refugee invasion and high debt and taxes and weighed in on the election held on March 4, 2018 that delivered a hung parliament, but narrowly elected a pro-EU President.

The article reports that President Sergio Mattarella ended plans to form Western Europe’s firs populist government by vetoing the parliament’s “euro-skeptic pick for economy minister. Mattarella’s plan is to neutralize the populists in the parliament. The voters are moving to exit the EU to get rid of the high taxes and excessive immigration of welfare refugees.

Italy is famous for its bloated government bureaucracy, limited private sector, overreliance on tourism, high taxes, high debt and all the bad effects of socialism. It needs to expand private sector jobs and reduce government jobs and get rid of its refugees and welfare immigrants.

The problem with the EU is that it wants to remove sovereignty from its member countries and operate like a federal European government rather than a trade association. If this doesn’t change, the EU will dissolve. The UK is out and if they can negotiate their own bi-lateral trade agreements in a timely way, more countries will follow and leave the EU.  Poland and Hungary are already on record to ignore the EU on their insistence on compliance with the UN Refugee Program.  Italian, French and German voters are not happy with the Muslim Refugee Invasion and voters in Sweden, Norway and Brussels and Denmark are also unhappy.

The UN should really be in trouble with voters in all developed countries because of UN Agenda 21, the EU scam, stolen sovereignty, the global warming scam, the multicultural myth, money wasted on wind and solar and the refugee scam.

The Italian economy in 2018 includes nominal GDP at $2.181 trillion as the eighth largest economy. Per capita nominal GDP stood at $30,662 per year in 2017. The population of Italy is 59,290,969. The labor force is 25.6 million. Unemployment is 11%. Inflation is 0.5%. Poverty is 5.7% plus 24.7% at risk of poverty.  Employment sectors include services 73.8%, industry 23.9% and agriculture 2.2%. The land area of Italy is 116,347 square miles.

In 2016, Italian exports totaled $436.4 billion and imports were $372.2 billion. Main industries include tourism, machinery, iron, steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear and ceramics. Ease of doing business is 46^th. 

Exported goods include engineering products, textiles, clothing, production machinery, motor vehicles, transportation equipment, chemicals, foodstuffs, beverages, tobacco, minerals and nonferrous metals. Exports are sold to Germany, France, US, Switzerland, UK and Spain.

Imported goods include engineering products, chemicals, transportation equipment, energy products, minerals, nonferrous metals textiles, clothing, food, beverages and tobacco from Germany, France, China, Russia, Netherlands and Spain.

Gross external debt was $2.324 trillion in 2017. Public debt was 133.3% of GDP. Government revenue in 2016 was $842.5 billion and government spending was $889.8 billion.

Norb Leahy, Dunwoody GA Tea Party Leader