Italy's in a bad way right now. Consider that they still have Berlusconi as their leader, who first made his appearance in the early 90'ies. Imagine if we still had Bill Clinton, Ross Perot and Bush Sr. contending the presidency in the US.
I think long term that Italy will continue to punch above its weight, as it has in the past: Roman empire, Renaissance, and some pretty decent stuff in decades past, for that matter - not bad for a relatively small country without much in the way of natural resources. But I don't know when that will be. We're headed back there next month, but we may not be staying too long. It's sad, because it's such a wonderful place in many ways, with plenty of very bright, creative, hard working people.
I think long term that Italy will continue to punch above its weight, as it has in the past: Roman empire, Renaissance, and some pretty decent stuff in decades past, for that matter - not bad for a relatively small country without much in the way of natural resources. But I don't know when that will be. We're headed back there next month, but we may not be staying too long. It's sad, because it's such a wonderful place in many ways, with plenty of very bright, creative, hard working people.