AUz
ELITE MEMBER
- Joined
- Sep 14, 2010
- Messages
- 8,595
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Gimme a break. MAGNITUDE greater than ours? Let's look at the numbers
PPP Italy: 2,17 trillion
Turkey: 1,57 trillion
GDP
Italy: 1,8 trillion
Turkey: 0,8 trillion
GDP wise, well yours is double. But if we look at power purchasing parity there isn't magnitude difference.
Your import and export is approximately double of Turkey. That's one side of the economic indications, lets look how each country's economy fares.
Gdp growth italy 0,8 percent
Turkey: 4 percent
Public debt of italy 133% of GDP
Turkey 35% of GDP
Gross external debt of Italy: 2,6 trillion
Turkey: 0,4 trilloin
In 10 or so years your "magnitude" economic greateness will be less than Turkey's. Even now your fuel consists of external debts. Enjoy your demise
Hey hey hey now..don't do that. That's too much economics and too much reality for @MarkusS
Comparing Italy with Turkey is like comparing apple to oranges. Turkey is a real power with much, much stronger military than Italy.
Italy is a dying, irrelevant thing that nobody in the world cares about. When was the last time U.S president went to Italy for strategic negotiations in regards to regional conflicts? Whereas United States and Turkey often hold talks of this sort.
People like @MarkusS like to live in their bubble...and let them do so. They think that a country like Italy--which has MORE debt than it produces as a whole!---can be taken seriously because "oh we have nice houses here."
Yeah mate, you are growing near 0% with 133% debt-to-GDP ratio while a much bigger military power is growing 4% with just 35% debt-to-GDP ratio---and we should take you seriously over the "actual" power in the region? Yeah sure....come back again when you aren't smoking Italian weed.
Turkey is one of the most powerful and significant republic of Europe. Easily the strongest power in Central and Eastern Europe (Russia isn't being counted here as its not a part of NATO). And that's when Turkey is in its "developing" stage and hasn't reached to full potential.