In the light of the new data, the E.U. Commission is stepping up the pace of its inquiry into Italy’s accounts as it prepares to propose infringement procedures in June. The weakness of the Italian economy is now viewed as being “structural”, not contingent."
I think this is Mumbo-Jumbo for "it's not our fault."
7 posted on 05/15/2005 2:12:52 PM PDT by Brilliant
Damned right it's ''structural''. The structure of almost all the original ESSR member nations' economies is proto-socialistic in nature, and a thoroughly rotten structure it is, too.
Too bad, really, that there's not a hope of climbing out of their self-created economic and moral quagmire...well, short of a revolution here and there.