(ANSA) - BERLIN, 25 JAN 25 - ''Italy is the bottom of the
league in the eurozone, even worse than Greece'', the financial
pages of the newspaper Die Welt say todays, in the article ''If
the Greeks leave Italians behind''. And the economists of the
investment banks think that after forthcoming elections,
regardless of who wins, ''basic reforms will not be carried
out''.
''Only radical reforms, just like those carried out in Greece,
could change something'', according to Berlin-based daily.'' But
things like that are not in the electoral program of any of the
contenders for this general election''.
''Italy is the only eurozone country whose quality of life,
since the entry into force of monetary union, got worse'', said
analyst Timo Schwietering (Metzler Bank) ''Italy used to have an
easy economic model'' said Daniel Hartmann, chief economist of
the Bantleon Bank. ''When the situation reached a dead end,
devalued lira came to the rescue, giving fuel to exports and
reviving economy''. Since the entry into force of the union
monetary this model no longer worked and now the country should
either lower costs or raise productivity. Above all, an
administration reform would be necessary, ''since services are
insufficient and more expensive''. A permit of construction
costs three times more than Germany, it takes 3 years to carry
out a legal proceeding in Italy, in Germany 1 and a half.in
Germany. When Renzi ruled, Italy had all the conditions needed
for carrying out reforms, but now this process could stop,
according to Welt. (ANSA).
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