As the world struggles into the 1930's the democracies of the west will suffer a crises of confidence, and the fledgling Weimar Republic of Germany will be guided onto the rocks of totalitarianism by an unhappy concurrence of men and events. The League of Nations, the only real achievement of the victors of the Great War is never properly empowered by it's member nations who do not wish to surrender any bit of sovereignty in the interest of collective security and will sputter out of existence. The stage is set for the emergence of Hitler, the evil of Stalinism and the brutal militarism of the Japanese Army and it's savaging of China. The democratic West, under seige by doubt, division and economic hardship will prove to be not equal to the demands of peace and as the thirties come to a close, Europe and the world are again plunged into war. The violence of total war will be hurled onto soldier and civilian alike. Nearly all of Europe and half of China and the vast Pacific regions will feel the terrors of war before the final victory of the Allied Nations. When the dust settled in 45, some 60 million people had died in the war and in the worst crime that ever happened, the holocaust.
This time, the mistakes of Versailles will not be repeated after the war as the Marshall Plan for the reconstruction of the devastated nations is implemented. Still it is an uneasy peace, beset with fears of tyranny and nuclear anihilation that blankets Europe, America and Asia as the frightening realites of the Cold War between the West and the Soviet Union take hold. Eventually the West will demonstrate that it has well learned the folly of appeasement win the face of aggression. When Soviets try to bully Berlin into their occupation zone, they are defeated by the Berlin Airlift. With this, Western Germany is reassured of it's future and it's place with the Western democracies, the period of Soviet expansionism shifts from Europe to other places, setting the stage for the Cold War.
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Italy's central bank sees even steeper decline for economy
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A government austerity program to combat inflation brings a decline in profits and a fall in investment.
Italy, no longer able to rely on low wages, sees its economic growth shrink further.
The World at War - Global Timeline 1918-48
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What theyhave given up in policy discretion [Governmental authority] by acceptingWTO rules and disciplines is more than compensated by the increasedpredictability and stability of trade policies. - Trade and foreigndirect investment, WTO June 12, 2003While the world is by design moving into these regional interdependentmultinational groups such as, the European Union, the North American FreeTrade Agreement, the Association of Southeast Asian Nations, the South AsianAssociation for Regional Cooperation, the Common Market of the South theAustralia-New Zealand Closer Economic Relations Agreement and the CommonMarket for Southern and Eastern Africa [COMESA], it is doing so under therules and governance of the WTO.
Texts on the End Times - Bilderberg
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Free Trade Areas are groups of sovereign countries like the North AmericanFree Trade Area, the Asia Pacific Economic Cooperation and the Common Marketfor Southern and Eastern Africa [COMESA], freely trading amongst them, butalso maintaining individual trade barriers with countries outside the freetrade area.
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It lasted for 15 months before they recover.
3rd Quarter of 2011, Italy entered recession again for the 4th time and up to this time, they are in the recession stage and still looking for any austerity measures that will help them to rise again from that situation.
WHAT ARE THE FACTORS CAUSING ITALIAN DEBT CRISIS
Poor performance of economic growth
Long Term Tax Collection Problems
Fall in Confidence and Expectation
Poor Performance of Economic Growth
The best opinions, comments and analysis from The Telegraph.
State-owned enterprises become a drain on the national budget as entrenched interests impede the adoption of new technologies.
ITALY'S SOCIO-ECONOMIC PROFILE
60,782,668(23rd as of 2012)
: $1.863 trillion (2012 est.)
Population below poverty line
: 19.6% (2011)
: (revenues) $972.5 billion
(expenditures) $ 1.034 trillion (2012)
: 127% of GDP (2012)
Italy's balance of trade slumps into deficit.
How Putin undermines democracy in the West, chapter …
To explain the transformation of the Italian economy after World War II.
To find out the reasons of economic decline resulting from debt crisis of Italy.
To know how the government manage by using different strategies in order to survive those crises.