Comments by "SpaniardsR Moors" (@spaniardsrmoors6817) on "Why Is Italy Destroying Its Economy?" video.
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PURE NONSENSE:
Top 10 economic, military power
The richest in Europe in savings and one of the highest in home ownership,
have 4X less debt per household than the Dutch,
8th in the world in household net worth, 4th in Europe,
7th in the world in National Wealth,
In terms of private wealth, Italy ranks #2 after Hong Kong in private wealth to GDP ratio
Italy has the world's 8th highest quality of life
8th largest exporter in the world
World's seventh-largest manufacturing country
3rd in total NET contributions to the EU among many others.
Italy: #10 ...in Ultra High Net Worth Individuals
Above USD $50M.. #7...just below India that has 25X the pop.
Number of Millionaires by country: #7...
In REAL wage growth, not skewered by exchange rates...between 2017 & 2018 in increased millionaires... #1
Gold reserves... #3
(from official eu statistics):industrial production by country Germany recorded the highest value of sold production, equivalent to 29 % of the EU total, followed by Italy (18 %), France (12 %), Spain (9 %), Poland (5 %) and the Netherlands (3%). The other 21 EU Member States contributed with smaller shares (up to 3 %).14 lug 2021
Italy has a private wealth that is up to 11 trillions dollars, so even if she "goes bankrupt" for her debt (which is 166% of the GDP although most in Italian hands, Japan has 270% debt and America also over 130% and ALL THESE COUNTRIES ARE TOO BIG TO FAIL, Italians have the money TO BUY ALL THE DEBT!
According to the German institute Stiftung Markwirtschaft, in 2018, the aggregate explicit debt + implicit debt of Italy is 122%, lower than the German one at 170%.
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Italians....
The richest in Europe in savings and one of the highest in home ownership,
have 4X less debt per household than the Dutch,
8th in the world in household net worth, 4th in Europe,
7th in the world in National Wealth,
4th in total contributions to the EU among many others.
If it is so hopelessly noncompetitive how come (from official eu statistics):industrial production by country Germany recorded the highest value of sold production, equivalent to 29 % of the EU total, followed by Italy (18 %), France (12 %), Spain (9 %), Poland (5 %) and the Netherlands (3%). The other 21 EU Member States contributed with smaller shares (up to 3 %).14 lug 2021
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