That's a very generalist statement that doesn't explain much. That is totally to forgot that Italy has been cost reduction/ austerity since the 90's. Precisely

That's a very generalist statement that doesn't explain much. That is totally to forgot that Italy has been cost reduction/ austerity since the 90's. Precisely when it's started to do that, its economy stalled. Spain had its debt going from 30% to 70% after the 2008 crisis.