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Started By
Message
Hookers and blow
Posted on 5/23/14 at 12:06 pm
Posted on 5/23/14 at 12:06 pm
You really cant make this stuff up:
Cocaine Sales to Boost Italian GDP in Boon for Budget
quote:
Italy will include prostitution and illegal drug sales in the gross domestic product calculation this year, a boost for its chronically stagnant economy and Prime Minister Matteo Renzi’s effort to meet deficit targets.
Drugs, prostitution and smuggling will be part of GDP as of 2014 and prior-year figures will be adjusted to reflect the change in methodology, the Istat national statistics office said today. The revision was made to comply with European Union rules, it said.
Renzi, 39, is committed to narrowing Italy’s deficit to 2.6 percent of GDP this year, a task that’s easier if output is boosted by portions of the underground economy that previously went uncounted. Four recessions in the last 13 years left Italy’s GDP at 1.56 trillion euros ($2.13 trillion) last year, 2 percent lower than in 2001 after adjusting for inflation.
“Even if the impact is hard to quantify, it’s obvious it will have a positive impact on GDP,” said Giuseppe Di Taranto, economist and professor of financial history at Rome’s Luiss University. “Therefore Renzi will have a greater margin this year to spend” without breaching the deficit limit, he said.
Cocaine Sales to Boost Italian GDP in Boon for Budget
Posted on 5/23/14 at 12:09 pm to UncleFestersLegs
Tax la costra nosta
Posted on 5/23/14 at 12:15 pm to UncleFestersLegs
We should be more like our enlightened European betters
Posted on 5/23/14 at 1:16 pm to tysonslefthook
quote:
We should be more like our enlightened European betters
Italy is not legalizing hookers and blow. It's simply using their estimates of euros spent on them as a gimmick (it's budget is based somehow on GDP, by adding hookers and blow to GDP it can increase government spending).
Posted on 5/23/14 at 1:21 pm to Quidam65
quote:
Italy is not legalizing hookers and blow.
I understand that.
I was being a smart arse in reference to their
quote:
gimmick
Posted on 5/23/14 at 1:24 pm to tysonslefthook
Italians might be the worst, the grossest, of all Western Europeans.
Posted on 5/23/14 at 1:27 pm to UncleFestersLegs
Look for Obama to "adjust" our calculations to comply with European Union rules.
Posted on 5/23/14 at 2:13 pm to UncleFestersLegs
I cant believe they thought of this before the Obama administration.
Hookers and drug dealers about to be taken off the unemployment numbers...
Hookers and drug dealers about to be taken off the unemployment numbers...
Posted on 5/23/14 at 2:19 pm to The Third Leg
(no message)
This post was edited on 11/27/14 at 12:58 am
Posted on 5/23/14 at 2:20 pm to The Third Leg
quote:
the worst,the grossest of all Western European
That'd be the Greeks...by a wide margin
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