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> Lots of European economies have done worse

I think the article already addresses that. It stresses that "Italy’s economic illness is not the acute sort, but a chronic disease that slowly gnaws away at vitality". Spain, Ireland and Portugal might be in worse shape but they might be coming to understand that they need a tough treatment; Italy doesn't. The PIGS are at shock; Italy is just dazed at stupor.

> Italians are, well, Italians

:^) OK, you won.



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