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Tag Archives: Italy Fun Fact

Italy Fun Facts: Check Out Italy’s Top Products!

Fun fact for the Tour Italy Now community: Did you know that Italy is the world’s 8th largest exporter? Don’t groan, this is not a rehash of Econ 101. Ok maybe a tiny bit of Econ 101, but with an Italian twist. There is a lot of talk of austerity and crisis in Italy these days. In late 2011 Mario Monti, the current Prime Minister was appointed, not elected, to rescue the country from grave economic crisis. He billed his reform plan “Save Italy.” This plan introduced dramatic tax and pension reforms. We are now at the close of 2012 and Monti’s technocratic term is approaching an end. The term has been shortened slightly because of former three time elected Prime Minister Silvio Berlusconi’s removal of his political support. The general consensus is that the difficult reforms that have been implemented are a step in the right direction, but it [...]