Italy’s economic performance since it joined the Eurozone has been dismal. GDP per capita of Italy is now lower than at the start of the Eurozone in 1999. This means that the Italian population as a whole is now poorer than when the country joined the Eurozone.The contrast with the evolution of per capita GDP of the euro area as a whole is a stark one. The other countries of the Eurozone saw their GDP per capita increase of 15% since 1999. In other words, they have become richer by 15%. Not terr…
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