- its debt ratio ratcheting up towards 140pc of GDP – and all because the country’s ruling elite cannot shake off its slavish assumption that a return to monetary self-rule is impossible By Ambrose Evans-Pritchard Economics Last updated: January 31st, 2014 Today’s headline from Italy is that unemployment has at last begun to fall, dropping from 12.8pc to 12.7pc in December. Drill deeper and the recovery story turns to dust. The number employed in Italy has fallen by 424,000 over the last year. Piangi Italia mia. As you can see from the chart below (only More…![]()
