Italy economic basket case? Economy 1.5x Russia. Low deficit and primary surplus. Has problems causing slow growth at rate lower than cost of debt causing debt to increase at compounding rate but issues are more political than economic. Political basket case.
The G7 is an artifact of a bygone era, writes Lord Jim O'Neill - 'An institution that excludes the BRICs while still including economic basket cases like Italy cannot possibly claim the legitimacy required to exercise global economic leadership.' https://www.chathamhouse.org/expert/comment/why-g7-zero …
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I said same thing yesterday!
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BRICS
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