Comments by "jim 99" (@jim-es8qk) on "Something Terrible Happened to Italy Economy – Is UK heading same way?" video.

  1. It joined the Euro. That is what happened to Italy.
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  2. No. It stayed out of the Euro and kept control of its monetry policy, has a different voting system allowing the UK to form strong majorities, and had Thatcher style reforms in the 80s. The UK currently has the ability to always bounce back. Italy has none of our advantages.
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  3. ​ @ab-ym3bf For a brief period, Italy was a richer nation than England. A devalued lira allowed to export its clothes around the world. That changed when it joined the Euro
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