Industrial Recovery: Spain Looks Better Than Italy

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Suddenly, Spanish industrial recovery looks better than the Italian one: how can a country with such a high rate of unemployment achieve such a result ?

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It’s all a matter of deficit. While Italy is desperately trying to respect Maastricht rules, Spain is not really caring.

And here are the results:

http://intermarketandmore.finanza.com/files/2014/11/italia-eurozona-produzione-industriale.png
Look closer, Spain overcame Italy, and yet Spain has a huge unemployment rate.

That’s another fascinating evidence of the fact that Brussels’s way is not “the” right way.

 

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