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Interview - La Nazione - C. Bastasin: Pil e consumi, la Spagna ci batte L'Italia sconta il suo immobilismo

image-09/01/2015 - 16:12 August 28, 2015 – La Nazione published an interview with SEP Senior Fellow Carlo Bastasin, in which he was asked about the economic recovery in Spain, and why the same trend is absent in Italy. He argues that Madrid created a secure platform through which foreigners could invest, as well as a flexible and less bureaucratic labor market in which wages are calibrated with commercial growth. For this reason, Spain is now the second largest producer of automobiles in Europe. He explains that the Spanish economic crisis only impacted specific sectors, namely the construction industry and the country’s youth, while Italy’s crisis was more generalized and worsened by three changes in government.