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The John Batchelor Show

#Italy: The last shall be first, Italy out gains Germany. Lorenzo Fiori, Ansaldo Foundation

The John Batchelor Show

John Batchelor

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4.52.8K Ratings

🗓️ 6 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary


#Italy: The last shall be first, Italy out gains Germany. Lorenzo Fiori, Ansaldo Foundation
https://www.msn.com/en-xl/news/other/italy-is-overtaking-germany-as-europe-s-economic-powerhouse/ar-BB1l0mpw

1896 Genoa

Transcript

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0:00.0

This is the CBSi of the world. I'm John Batstra. I'm joined by my good colleague Lorenzo

0:07.2

Fiori of the Anseudo Foundation. He's in Italy.

0:10.3

Lorenzo, the climate, we've gone through drought, we've gone through the Alps not having enough snow,

0:17.0

we've seen huge rainstorms, bucketing rainstorms hit Romania.

0:21.0

We know that there is strange weather in Italy, all Italy is divided

0:25.9

into the heat wave in the south and the cold and clouds in the north. Have you got

0:31.1

even stranger weather to report this week? Good evening to you.

0:34.0

Hey good evening John and good evening to all the radio listener. Well I just finished to

0:38.5

listen the latest news at the TV announcing that this weekend we are going to have an increase of temperature which is incredible.

0:47.0

I can tell you that last week do you remember maybe we spoke about that

0:52.0

We were having a lot of stone the Alps

0:55.2

more than one meter in certain air that remain isolated for a couple of days and

1:02.0

this weekend in that area, temperature can increase by 25 degrees, which is unbelievable.

1:10.0

So practically we are having this weekend temperature that are more familiar with the summertime than springtime.

1:18.0

It seems to be very limited the case because next week we should have another

1:25.4

perturbation but it is just to tell you how crazy is the weather now

1:29.7

across Europe but I would say across the globe.

1:33.0

Good news.

1:34.0

The four biggest southern European economies of outgrown Germany by about 5% since 2017,

1:40.0

Italy, Spain, Portugal and Greece collectively added more than 200 billion euros of gross

1:46.0

domestic product in price adjusted terms over the past six years, while Germany's GDP has expanded by only 85 billion euros. I remember the

1:56.9

Great Recession of 2008 when Germany was tisking Italy in Greece and Spain and saying maybe we need two Euro zones, one for us

...

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