Thursday, October 16, 2014

Drugs and prostitution take Italy out of recession

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The Italy knew today that it is not in the list of countries in recession, thanks to a change of treatment des data throughout the European Union, which now include illegal economic activities, such as drug trafficking and prostitution, in the GDP calculation.

Adding illegal revenues of prostitution, narcotics, black market cigarettes and alcohol to the third largest economy in Europe, the Italian GDP leapt important. So, instead of GDP have decreased 0.1%, with the recalculation he stalled â€" not up or down, according to the Italian Statistics Institute, which allowed the transalpine country escape the third recession in the last six years.

The same review of the calculations should raise the GDP this year, giving the Government of Matteo Renzi more room to keep the deficit below the European Union limit â€" 3%.

The news could also put on the agenda issues such as the legalization of soft drugs, prostitution or other contentious issues of society â€" many of them, is recognized, entering the territories of citizenship, environment and sustainability. Or this idea will be too utopian?

Foto: Johnny Micheletto / Creative Commons

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