Italy is lagging behind Spain

On January 2nd, the Italian Prime Minister, Romano Prodi, denied claims that his country's economy has been overtaken by Spain's. According to figures published in December by Eurostat, the GDP per inhabitant is higher in Spain than in Italy. Mario Deaglio, professor of economy, considers this polemic. "Given the uncertainty of the statistics, it cannot be said whether Italy is on the winning front or not. But this is frankly of no importance. What is for sure, however, is that the growth rate of the Spanish economy is clearly above Italy's. This development has really increased the possibility of choice by improving the quality of life in Spain far more than in Italy. ... The reasons behind the Spanish success need to be explored ... : why is Spain moving ahead so fast while everything is dragging behind in Italy."

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