I don't think Italy's economy itself is ailing. The problem is the
government spends more than it takes in through taxes, and politicians are
too cowardly to either raise taxes to cover it or lower spending to
current tax levels. After years of that, the public debt is so high it is
getting harder for the govt. to borrow more. Ireland, Greece, and Spain
had the same problem but at a much worse/higher level.
--
Chris Crawford
Fine Art Photography
Fort Wayne, Indiana
260-437-8990
http://www.chriscrawfordphoto.com My portfolio
http://blog.chriscrawfordphoto.com My latest work!
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On 9/29/12 7:39 PM, "Tina Manley" <images@xxxxxxxxxxxxx> wrote:
>I do not understand how the Italian economy could be ailing. Every
>restaurant we visited was packed. Italian tourists were everywhere,
>spending money like crazy. We poor Americans could not compete with the
>Euro and ended up skipping meals and having picnics! (We would have done
>that anyway). Italians seemed to be enjoying multiple courses and
>expensive wines in all of the restaurants and buying all of the designer
>clothes and shoes on display everywhere. Tour groups seemed to pass
>through without buying anything but cheap souvenirs made in China. ;-)
>We bought only olive oil and wine made on the farm where we stayed in
>Tuscany.
>
>Tina
>
>On Sat, Sep 29, 2012 at 7:15 PM, Chuck Norcutt <
>chucknorcutt@xxxxxxxxxxxxxxxx> wrote:
>
>> Very nice shot. And I'm glad to hear you're doing what you can to prop
>> up the ailing Italian economy. :-)
>>
>> Chuck Norcutt
>>
>> On 9/29/2012 3:23 PM, Tina Manley wrote:
>> > PESO:
>> >
>> > Before we escaped to the farm in Tuscany, we took a side trip to
>> Portofino.
>> > We had been in Portofino 37 years ago, camping through Europe with
>>our
>> two
>> > young children. At the time, we were the only ones there. We
>>listened
>> to
>> > an old man play a 12-string guitar on the waterfront and ate wonderful
>> > seafood at a small restaurant there.
>> >
>> > This time it was a little different. All of the stores have been
>>taken
>> > over by luxury chains. The waterfront was packed with tour groups and
>> > restaurants were all booked for dinner. Yachts filled the harbor
>>where
>> > there were fishing boats before. We sat at a cafe and had two Campari
>> and
>> > sodas with a little bowl of olives and 10 potato chips. The bill was
>> $90!!!
>> >
>> > Progress.
>> >
>> > Leica M9, 24/2.8, five exposures combined. C&C greatly appreciated.
>> >
>> > http://www.pbase.com/image/146363347
>> >
>> > Tina
>> >
>> --
>> _________________________________________________________________
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>>
>>
>>
>
>
>--
>Tina Manley, ASMP
>www.tinamanley.com
>--
>_________________________________________________________________
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>
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