RICHEST COUNTRY SOUTHERN EUROPE, SELECT

[ius semper]

I JUST ADDED THE BIG FOUR (PORTUGAL, SPAIN, ITALY AND GREECE)

[ius semper]

spain in the richest. they brought a lot of gold from the americas.

I mean nowadays

[Hithaeglir]

Well based on GDP it's :
1.Italy
2.Spain
3.Portugal
4.Greece

[Sideritis]

It should be a tie between San Marino and Monaco, but I guess is the Vatican.

[ius semper]

Well based on GDP it's :
1.Italy
2.Spain
3.Portugal
4.Greece

Thanks for the answer but please vote :)

[Trogdor]

I don't think it's Greece right now and I don't know Portugal's situation but I presume it's a toss up between Italy or Spain.

[ius semper]

I don't think it's Greece ATM and I don't know Portugal's situation but I assume it would be between Italy or Spain.

Yes. Thats why I did the poll to see what you guys think. IMO spain has better infrastructure and organisation but italy has largest industry

[Trogdor]

Yes. Thats why I did the poll to see what you guys think. IMO spain has better infrastructure and organisation but italy has largest industry

Where does Portugal stand atm?

[ius semper]

Where does Portugal stand atm?

Bad but not as bad as greece and slavs

[Hithaeglir]

Thanks for the answer but please vote :)

I voted :)

[Ctwentysevenj]

Italy by a very large margin. Italy is the only major industrial power in southern Europe, and it's amongst the big four in Europe, the others are Germany, Britain and France. Just an example what Italy produces, could not be done in any other southern European country:
http://www.theapricity.com/forum/showthread.php?164081-First-Italian-built-F-35-Joint-Strike-Fighter-comes-off-the-assembly-line


They build this:
http://i1-news.softpedia-static.com/images/news2/ESA-Posts-Special-Replay-Video-of-First-Vega-Rocket-Launch-2.jpg

The above is only a small example. Also Italy Has the fourth largest gold reserve in the world

http://en.m.wikipedia.org/wiki/Gold_reserve

[Ctwentysevenj]

spain in the richest. they brought a lot of gold from the americas.

It's not.

[Petros Houhoulis]

Greece for the sake of trolling...

[Insuperable]

Italy, obviously.

[ÁGUIA]

;)

[Linet]

Portugal and Greece by far ,you guys don't watch the news ?;)

I second that.... Here is someone who knows what he is talking about....

https://mattsko.files.wordpress.com/2014/03/william-powell-wink-gif.gif

[ius semper]

Its supoused to be a voting poll not a trolling poll, I mean, who THE HECK has voted for greece while its almost with one foot outside europe??

[Cristiano viejo]

spain in the richest. they brought a lot of gold from the americas.

lol
That gold was used to pay the wars against Ottomans in the Mediterranean and Protestants in Central Europe.
In any case if we follow that logic, Romans brought a lot of silver, gold etc etc from Iberia, France etc etc

Currently Spain and Italy are above in the economy of South Europe and also of Europe as a whole.

[Damião de Góis]

I don't understand why are you asking, this can easily be checked by measuring GDP per capita, or just GDP.

[Linet]

Its supoused to be a voting poll not a trolling poll, I mean, who THE HECK has voted for greece while its almost with one foot outside europe??

Stop being jelly http://emoticoner.com/files/emoticons/crazy-monkey/crazy-monkey-emoticon-011.gif?1292792380

[ius semper]

I don't understand why are you asking, this can easily be checked by measuring GDP per capita, or just GDP.

If I check GDP it would be like this: Italy, Spain, Portugal, Greece. But I thought it would be funny to see what TA members think, as I'm starting to realize there's a big iberophobia going on here

[ius semper]

Stop being jelly http://emoticoner.com/files/emoticons/crazy-monkey/crazy-monkey-emoticon-011.gif?1292792380

I will as a lady asked me to do so : )

[armenianbodyhair]

Italy easily

[Kabul]

It's Monaco. For GDP per capita and standard of living, Monaco.

[ius semper]

It's Monaco. For GDP per capita and standard of living, Monaco.

fake countries not allowed

[♥ Lily ♥]

Portugal has a load of gold reserves, but I think Monaco and Andorra are currently the richest. Gibraltar is wealthy too.

[ius semper]

Portugal has a load of gold reserves, but I think Monaco and Andorra are currently the richest. Gibraltar is wealthy too.

Gibraltar= UK and tax haven
Andorra= smaller than my room
Monaco= semi tax haven
Portugal= Seriously?

[Kabul]

fake countries not allowed

There isn't a single sovereign state on this planet that doesn't recognize Monaco. Also, if we take Monaco out of the equation, then Southern Europe is just a shit poor place with no prospects, like Eastern Europe, and now that I think of it, all of Europe pretty soon.

[ius semper]

There isn't a single sovereign state on this planet that doesn't recognize Monaco. Also, if we take Monaco out of the equation, then Southern Europe is just a shit poor place with no prospects, like Eastern Europe, and now that I think of it, all of Europe pretty soon.

Southern europe shit poor place? man have you been to barcelona?? I guess not

[Nurzat]

italy for sure. then, turkey and spain. the other ones are not rich.

[Cristiano viejo]

italy for sure. then, turkey and spain. the other ones are not rich.

Not, not for sure. Italy and Spain are very similar, in any thing you compare.
Turkey richer than Spain is a joke.

[Queen B]

Αthos peninsoula :laugh:

[Hithaeglir]

Αthos peninsoula :laugh:

hahaha!!!!

[Partia e Forte]

I think Kosovo is

[Jehan]

There isn't any real debate about it, the answear is italia. Italia is G8 member and the strongest economy in the region.

[Porpolita]

The thread should be called "What is the least poor country in Southern Europe?"

[Porpolita]

italy for sure. then, turkey and spain. the other ones are not rich.

1. Turkey is not Southern Europe.

2. Spain, Portugal, Greece, Malta and most other Southern Euro countries are richer than Turkey (GDP Per Capita)

[Ctwentysevenj]

There isn't any real debate about it, the answear is italia. Italia is G8 member and the strongest economy in the region.

Just to add to my previous post on this, Italy is the only southern European to own huge industrial concerns, like FIAT-Chrysler, Agip, The Finmeccanica group, Iveco, Alenia-Aermacchi, Agusta-Westland(second biggest helicopter manufacturer in the world), General, Olivetti and Fincantieri, one of the biggest shipbuilders in the world and the largest builder of passenger ships. There are others. Even Spain which is probably the next biggest southern European country in terms of economy does not even comes close. I'm afraid to say it, for European standards, Greece has a third world economy. Portugal not far behind.

[Cristiano viejo]

Italy by a very large margin. Italy is the only major industrial power in southern Europe, and it's amongst the big four in Europe, the others are Germany, Britain and France. Just an example what Italy produces, could not be done in any other southern European country:
http://www.theapricity.com/forum/showthread.php?164081-First-Italian-built-F-35-Joint-Strike-Fighter-comes-off-the-assembly-line


They build this:
http://i1-news.softpedia-static.com/images/news2/ESA-Posts-Special-Replay-Video-of-First-Vega-Rocket-Launch-2.jpg

The above is only a small example. Also Italy Has the fourth largest gold reserve in the world

http://en.m.wikipedia.org/wiki/Gold_reserve

Your argument sucks a lot. A fucking rocket makes you richer than whatever? :picard1:

For you and your love by airplanes and shit of that kind




By 2010 the main Spanish defense suppliers (Navantia, Indra, GDSBS and EADS-Airbus Military) were doing well internationally. They excel in military airlifters and tankers, specialist ships, combat land vehicles, and C4I systems. Being part of their supply chains may open up a wide export potential across the world.

The Spanish defence industry accounted for some 850 companies in 2010, generating over 18,000 direct jobs and a joint turnover of €3.6 billion, 40% of which is exports. The four leaders of the local industry (shipbuilder Navantia, land systems’ manufacturer GDSBS, aerospace giant EADS and Spain’s IT champion Indra) account for nearly 80% of the sector turnover, though some 50 companies are considered large in terms of employees.

The Madrid-headquartered military transport aircraft division of EADS (Airbus Military) manufactures a comprehensive family of airlifters, with over 1,000 aircraft sold to 130 customers who require tactical and strategic transport as well as flight refuelling capabilities and maritime surveillance. AM leads on the A400M programme as well as for the military tanker transport (MRTT) derivative of the A330 and other civil airbus platforms, plus the light and medium-sized military transport aircraft variants of the C-295, CN-235 and C212. While Spain helds a 5.5% stake in EADS, the contribution of its national industry in the new programmes is increasing: it accounts for 7.9% of the A380 program, and for 11% of the new A350XWB. Spain is a global leader on carbon fiber components. The largest single piece of composite material ever built (ie. the 14-meter-long A380’s HTP) is manufactured in Illescas, Toledo.

In the 1990s the Spanish defense industry was in a period of contraction and reorganization similar to the United States, thus limiting the number and size of immediate opportunities to sell U.S. defense equipment. However, Spanish interest in and respect for American-made defense items remained high. US firms considered this hiatus as an opportunity to lay the groundwork for potential sales in the future, when the Spanish budgetary situation improves and military requirements are clearer.

In the 1990s, the Spanish defense industry underwent profound transformations. These changes not only generated a new industrial panorama but also created new relationships between governments and industries. There were many opportunities arising from both public and private sector projects in which Spanish firms would welcome partnerships with U.S. high-technology defense companies. For example, Spain’s heavy investment in infrastructure projects presented major opportunities for U.S. defense electronics manufacturers. In the past, public firms dominated the defense sector, but, with the Spanish government having promoted privatization, private firms now have the upper hand.

In 1999, after four years of significant growth of Spanish defense materiel exports, industrial sales dropped 2 percent, to $150 million. The growth of Spanish defense imports dropped 6.3 percent, to $407 million. Despite the decrease in the volume of Spanish exports and imports, concern is minimal considering that the numbers are superior to those registered during the crisis that negatively affected this sector in the first half of the 1990s.

Coproduction of defense systems was a feature found in some of the offset agreements with Spain. These agreements specified the particular products that would be procured from Spain’s defense industry as part ofthe offset program. The offset percentage required in these agreements ranged from less than 30 percent to over 100 percent. The German company Krauss-Maffei agreed to coproduce tanks in Spain to offset Spain’s purchase of 200 Leopard 2 main battle tanks.

Spain uses offsets on defense orders to support and develop its defense industry. Although Spain does not have written offset guidelines, it does have a policy of demanding offsets, including coproduction by designated Spanish firms, technology transfer, and export of Spanish defense products. Spain’s standard offset requirement is 100 percent; however, the agreements over the 10 years 1985-1995 ranged from 30 percent to 100 percent of the value of the weapon system.

Spain does not have astated threshold amount for requiring offsets, but all of the offset agreements over the decade 1985-1995 were for weapons sales over $7 million [that is, about 1,000,000,000 ESP]. In some agreements, Spain included provisions to only credit offset projects that create new business or represent an increase in existing business, and not grant credit for companies’ current business in the country. In addition, Spain sometimes included a local content requirement for offset projects, providing credit only for the portion of the projects that are produced in Spain. Companies reported that to get approvalfor offset projects, the work usually had to be spread across various Spanish regions, even though the agreements did not explicitly contain this requirement. In addition, Spain had targeted specific Spanish companies that it wanted to get offset work.

Meeting Spain’s offset demands was difficult because its defense industry is not as advanced as other Western industrialized countries. Some US companies said offsets were relatively easy to implement in Spain because Spain’s participation has consisted of producing less sophisticated components. Another company observed that offsets were more difficult to implement in Spain than in other European countries because of Spain’s less diverse industrial base.

In contrast with the leading defense producing states of Europe, Spain's industry was quite small, with 240 suppliers, 37,744 employees, and a turnover in 1987 of 228 billion pesetas ($1.8 billion). Spain's defense industry had a large public-sector component, with 52 percent of defense equipment spending going to public-sector companies in 1987, 35 percent to private enterprise, and 13 percent for imports (by 1989, imports were around 18 percent). The main sectors are arma-ments and ammunition (28 percent of turnover), naval (20.2 percent), electronics (18.8 percent) and aerospace (13 percent). In 1990, Spain's defense budget was 870 billion pesetas ($7.3 billion),36 percent (310 billion pesetas, or $2.6 billion) of which went forequipment (including R&D), fifth largest in NATO Europe.'20It isexpected to decline by 20 percent in 1991.

R&D spending by the government increased dramatically in the last five years of teh Cold War, from 2 billion pesetas ($16 million) in 1985 to 40 billion pesetas ($320 million) in 1990 (down slightly from 1989). A major portion of the R&D spending (some 18 billion pesetas, or $150 million in 1989) is attributable to EFA. Spain's Direccion General de Armamento y Material (DGAM) hoped to develop the Spanish defense industrial base by coordinating the armed services' demand and promoting collaborative programs to give Spanish industry access to foreign technology. Much of this effort centered around the two major aircraft projects: the 1983 agreement to acquire 72 US F-18s, which generated almost $1.2 billion in offsets, one-third of which was in defense and Spain's 13 percent share of EFA.

Spanish industry manufactured a significant share of the material requirements of the armed forces, notably light arms, vehicles, ships, and light transport aircraft. As a member of NATO, Spain joined in the planning of several coproduction projects with other West European countries.

Nearly 150 firms were engaged principally in defense production, and about 4,000 Spanish firms were linked in some way with the industry. Four large munitions manufacturers were directly controlled by the Ministry of Defense. Spain's defense industry was organized around four components of the state-owned National Industrial Institute (INI): Construcciones Aeronauticas S.A. (CASA), aircraft; Empresa Nacional Bazan de Construcciones Novales Militares, shipbuilding; Santa Barbara, ordnance; and INISEL, electronics. A number of other major firms were part of the state holding company, the National Industrial Institute (Instituto Nacional de Industria--INI). A large group of purely private companies formed a third category. There were two important privatefirms: Union Espahiola de Explosivos (a division of Rio Tinto Explosives), and CESELSA (electronics). The ultimate intention of the Ministry of Defense was to transfer the four arms factories to the INI.

According to a 1986 survey of firms doing business with the Ministry of Defense, the manufacture of electronics accounted for about 20 percent of Spanish defense production; military vehicles for about 14 percent, supply of arms for approximately 13.0 percent, naval construction for about 8.0 percent, and aircraft construction for approximately 6.0 percent. Production of components and ancillary equipment made up the remaining approximately 39 percent.

Among the leading producers of army equipment was Empresa Nacional de Autocamiones S.A. (ENASA), generally known by the trade name of Pegaso, which manufactured a range of trucks and armored vehicles. Its basic BLR four-wheeled armored car was used primarily by the Spanish army; the six-wheeled BMR also was exported to Saudi Arabia and to Egypt. Most of the army's ordnance was produced by Empresa Nacional de Santa Barbara de Industrias Militares (Santa Barbara), including the CETME 5.56mm rifle, in general use by the Spanish army, and the AMX-30E tank, based on French technology. Santa Barbara also manufactured the truck-mounted 140mm Teruel multiple rocket launcher. Larger naval vessels, including Spain's new aircraft carrier, French-designed submarines of the Daphne and the Agosta classes, and FFG-7 frigates of United States design, were constructed by Empresa Nacional Bazan de Construcciones Navales Militares (Bazan) at San Fernando near Cadiz.

The predominant aircraft manufacturer, Construcciones Aeronauticas S.A. (CASA), was best known for the C-212, a short takeoff and landing utility plane with a three-ton payload. The company also produced the C-101, a trainer and light fighter, with assistance from West German and American aircraft companies that owned minority interests in CASA. The CN-235 turboprop, a forty-seat airliner with a military version, was being built in cooperation with an Indonesian firm. CASA also was reported in 1987 to be at the design stage of a plane--the Avion Experimental (AX)--that might be selected to replace the F-5 tactical fighters obtained from the United States. This would be an advanced version, of the C-101 with an engine of much greater horsepower. CASA also assembled French-supplied kits for Aerospatiale Super Puma helicopters. It was the principal Spanish firm involved with British, West German, and Italian firms in the Eurofighter consortium planning an entirely new fighter aircraft for the latter half of the 1990s that was expected to replace the Mirages in the existing Spanish inventory.

Among other more advanced systems either being produced or in the planning phase were the French-designed Roland and the Italian Aspide air defense missile systems and the European attack helicopter AB-129. The latter was being developed in collaboration with Britain, Italy, and the Netherlands, with production foreseen for the 1990s.

The relatively small scale of Spain's own military orders spurred the Spanish armaments industry to develop its export potential and to increase its share of the international arms market. By 1987 it had risen to eighth rank as a world exporter, with a number of clients in the Middle East and in Latin America. In an analysis of 1985 results by an industry group, the Spanish Arms Manufacturers Association, export sales by member firms (125 billion pesetas) exceeded sales to the Ministry of Defense (90 billion pesetas).

As of 1988, Spain enforced sales embargoes against countries accused of human rights violations (e.g., South Africa, Chile, and Paraguay), Warsaw Pact and other communist countries, and active belligerents (e.g., Iran and Iraq). The Spanish press has, however, reported widespread violations of these controls, especially in the form of munitions shipments to Iran and to Iraq. Spain also had joined with other North Atlantic Treaty Organization (NATO) countries and Japan in controlling the export of militarily sensitive goods to communist destinations through the Paris-based Co-ordinating Committee for Multilateral Export Controls (COCOM).


http://www.globalsecurity.org/military/world/europe/es-industry.htm

[Damião de Góis]

Just to add to my previous post on this, Italy is the only southern European to own huge industrial concerns, like FIAT-Chrysler, Agip, The Finmeccanica group, Iveco, Alenia-Aermacchi, Agusta-Westland(second biggest helicopter manufacturer in the world), General, Olivetti and Fincantieri, one of the biggest shipbuilders in the world and the largest builder of passenger ships. There are others. Even Spain which is probably the next biggest southern European country in terms of economy does not even comes close. I'm afraid to say it, for European standards, Greece has a third world economy. Portugal not far behind.

So why does Italy's GDP per capita just edges Spain's by little, if the difference is that big? As for Greece and Portugal being third world, i'm not gonna comment.

[Cristiano viejo]

By the way, Spain has some multicompanies among the most important ones in the world. A few:

BBVA, Banco Santander, Inditex (its owner is Amancio Ortega, the 3rd richer men in the world), Iberdrola, Telefónica, Repsol, FCC, ACS, Gas Natural, Abengoa, OHL, Ferrovial, Acciona...

BBVA and Banco Santander are among the main banks in the world
http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria
http://es.wikipedia.org/wiki/Banco_Santander

Inditex http://en.wikipedia.org/wiki/Inditex:

Inditex, the biggest fashion group in the world, operates over 6,200 stores worldwide[2] and owns brands like Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, Zara, Tempe, and Uterqüe, and also a low-cost brand Lefties.

There are several Spanish multicompanies dedicated to the construction around the world. Examples:

-ACS, the president of Real Madrid Florentino Pérez is its owner
http://es.wikipedia.org/wiki/Activid...3n_y_Servicios


ACS, Actividades de Construcción y Servicios, S.A. is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world.

- FERROVIAL, this Spanish multicompany is owner of a lot of foreigner companies (Canadians, Americans, Polish, British...)
http://es.wikipedia.org/wiki/Ferrovial

- ACCIONA, http://en.wikipedia.org/wiki/Acciona


Acciona, S.A. is a Spanish conglomerate group dedicated to civil engineering, construction and infrastructure.

The company was founded in 1997 through the merger of Entrecanales y Tavora and Cubiertas y MZOV. The company's headquarters is in Alcobendas, Community of Madrid, Spain. The company's U.S. operations are headquartered in Chicago, Illinois, U.S.

- OHL, http://en.wikipedia.org/wiki/Obrasc%C3%B3n_Huarte_Lain


OHL, is a Spanish-based multinational construction and civil engineering company. The company is involved in infrastructure and commercial property construction, homebuilding and the operation of toll road and other transport concessions.

In the latter, the group is particularly active in Brazil through its majority-owned subsidiary OHL Brasil and in Mexico with OHL México. OHL also has a majority-owned American subsidiary called Tower-OHL Group which is based in Miami, Florida.

They are involved in the direction of the airports of Glasgow, Aberdeen, Southampton, the construction of the AVE of California (between San Francisco and Los Ángeles), the construction or opening of new stations in the metro of Toronto, Nueva Delhi, Panama, Singapur, Riad, Bucharest, Athens, New York, London, Ottawa, Miami, Medellín, Santiago de Chile, Doha, Lisboa...

Yes, Italy has the automobile bussiness, but Spain the construction one, the fashion, Banks...

[Ctwentysevenj]

By the way, Spain has some multicompanies among the most important ones in the world. A few:

BBVA, Banco Santander, Inditex (its owner is Amancio Ortega, the 3rd richer men in the world), Iberdrola, Telefónica, Repsol, FCC, ACS, Gas Natural, Abengoa, OHL, Ferrovial, Acciona...

BBVA and Banco Santander are among the main banks in the world
http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria
http://es.wikipedia.org/wiki/Banco_Santander

Inditex http://en.wikipedia.org/wiki/Inditex:


There are several Spanish multicompanies dedicated to the construction around the world. Exampl






-ACS, the president of Real Madrid Florentino Pérez is its owner
http://es.wikipedia.org/wiki/Activid...3n_y_Servicios



- FERROVIAL, this Spanish multicompany is owner of a lot of foreigner companies (Canadians, Americans, Polish, British...)
http://es.wikipedia.org/wiki/Ferrovial

- ACCIONA, http://en.wikipedia.org/wiki/Acciona[/url














- OHL, [url]http://en.wikipedia.org/wiki/Obrasc%C3%B3n_Huarte_Lain



They are involved in the direction of the airports of Glasgow, Aberdeen, Southampton, the construction of the AVE of California (between San Francisco and Los Ángeles), the construction or opening of new stations in the metro of Toronto, Nueva Delhi, Panama, Singapur, Riad, Bucharest, Athens, New York, London, Ottawa, Miami, Medellín, Santiago de Chile, Doha, Lisboa...

Yes, Italy has the automobile bussiness, but Spain the construction one, the fashion, Banks...





Italy has a much longer industrialization period than Spain. Actually the Spanish truck industry is part of the Iveco group. Pegaso is part of the Iveco group. Still Italy has much bigger industrial companies than Spain. I believe Milan is one of the main centres of fashion.The C-27j below is a better plane than the C-295
http://www.hawaiiarmyweekly.com/storage/2012/05/A3_DF_25thCAB_LastMile263_w.jpg

[Ctwentysevenj]

http://en.m.wikipedia.org/wiki/List_of_companies_of_Italy

[Giovanni Carli]

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29

seems clear.

[EL_BARBARO]

Portugal has a load of gold reserves, but I think Monaco and Andorra are currently the richest. Gibraltar is wealthy too.

Gibraltar is not a country, just a dependent colony of UK, the last in Europe, nest of a huge amount of ghost companies -more than inhabitants in the colony- whose main activity is especially money laundry. A heavy handicap for the entire EU Economy.

[Willem]

Northern Italy.

Africa begins at Rome.

[EL_BARBARO]

Africa doesn't begin at Rome, but at North Africa.

If that were so, then Bosmongoolië would begin at Holland, allochtoon.

[Lusos]

Where does Portugal stand atm?

The debt is paid.We are back to the markets with some success too.(Well debts are really never paid)

A program (Vem) was approved yesterday In Parliament to help bring back to Portugal the Portuguese who Migrated.
They claimed yesterday too that "our" safes are full(??) Therefore they said "Procreate".

[Lusos]

Italy by a very large margin. Italy is the only major industrial power in southern Europe, and it's amongst the big four in Europe, the others are Germany, Britain and France. Just an example what Italy produces, could not be done in any other southern European country:
http://www.theapricity.com/forum/showthread.php?164081-First-Italian-built-F-35-Joint-Strike-Fighter-comes-off-the-assembly-line


They build this:
http://i1-news.softpedia-static.com/images/news2/ESA-Posts-Special-Replay-Video-of-First-Vega-Rocket-Launch-2.jpg

The above is only a small example. Also Italy Has the fourth largest gold reserve in the world

http://en.m.wikipedia.org/wiki/Gold_reserve

Portugal has the second,after Lebanon I think.Still I think Italy the richest followed by Spain.

[Cristiano viejo]

Italy has a much longer industrialization period than Spain.
Even although that was true is irrelevant. You can be industrializated since the IV century a.C. that we are talking about nowadays.
Read my post in the previous page, you have omitted it. It is about airplanes and that kind of shits.


Actually the Spanish truck industry is part of the Iveco group. Pegaso is part of the Iveco group. Still Italy has much bigger industrial companies than Spain. I believe Milan is one of the main centres of fashion.The C-27j below is a better plane than the C-295
In the same way than Italian companies belonged to the Spanish Inditex.
Milan as city has nothing to do with what we are talking about: fashion multicompanies.


http://en.m.wikipedia.org/wiki/List_of_companies_of_Italy
http://en.wikipedia.org/wiki/List_of_companies_of_Spain


http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29

seems clear.
Not so clear because according that list countries like India, Brazil, Indonesia, Mexico, China are richest than Italy and Spain.

[Porpolita]

Not so clear because according that list countries like India, Brazil, Indonesia, Mexico, China are richest than Italy and Spain.

Thats why we should look at GDP Per Capita

Otherwise, Gökhan can continue to think Turkey is "richer" than Spain, Portugal and Greece :lol:

[Dianatomia]

Among the bigger countries Italy is the richest country, yet at the same time it is more insolvent than Spain. Italy has a high debt to GDP ratio and makes default more probable. Spain is the second richest country.

Greece was richer than Portugal until the debt crisis began. But since they had a higher GDP to debt ratio than Portugal, Greece was seen as the most insolvent nation and went into a deep economic decline. Becoming less wealthy than Portugal. But Greece potentially has some long term prospects if they manage to tax the shipping industry and if they exploit the natural gas and oil in their economic zone. But that´s not any time soon and Greece may well decide to default before they do any of that.

[Dianatomia]

Thats why we should look at GDP Per Capita

Otherwise, Gökhan can continue to think Turkey is "richer" than Spain, Portugal and Greece :lol:

Turkey has the healthiest economy at the moment (although lately Turkey´s economic spur is starting to decline). But that does not incline they are richer. They are considerably poorer as whole.

[Ctwentysevenj]

Northern Italy.

Africa begins at Rome.

How things are, I thought Africa begins south of Malmo, Sweden!

[Sikeliot]

Italy > Spain > Portugal > Greece in that order.

[dawson]

Vatican State

[Ouistreham]

Just an example what Italy produces, could not be done in any other southern European country:
http://www.theapricity.com/forum/showthread.php?164081-First-Italian-built-F-35-Joint-Strike-Fighter-comes-off-the-assembly-line


They build this:
http://i1-news.softpedia-static.com/images/news2/ESA-Posts-Special-Replay-Video-of-First-Vega-Rocket-Launch-2.jpg

The above is only a small example. Also Italy Has the fourth largest gold reserve in the world

http://en.m.wikipedia.org/wiki/Gold_reserve
The Vega rocket is a nice addition to the European Space Agency arsenal, it fills a market niche the French Ariane launchers didn't cover (it can put into orbit a payload of one ton instead of 25), but seriously, any country is able to build solid propellant launchers for that purpose. Even Iran, Israel and Indonesia do.

Back to the topic: with a GDP/per capita slightly higher than Spain's and a 30% larger population, Italy is obviously the leading economic power in that part of the world, but for how long?

In terms of research and development expenditure, Italy doesn't look quite good. Even Spain does marginally better:

% of GDP in R&D expenses:

3.55 Finland
3.41 Sweden
2.98 Denmark
2.92 Germany
2.84 Austria
2.80 Slovenia
2.26 France
2.24 Belgium
2.18 Estonia
2.16 Netherlands

1.88 Czech R.
1.72 UK
1.72 Ireland
1.65 Norway
1.50 Portugal
1.30 Hungary
1.30 Spain
1.27 Italy
1.12 Russia

0.99 Serbia
0.90 Poland
0.82 Slovakia
0.75 Croatia
0.69 Greece
0.66 Latvia
0.64 Bulgaria
0.49 Romania

Source:
http://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS
Kudos to Slovenia, which confirms itself as the success story of Southern/Eastern Europe.

Surprise: compared to Greece, Portugal is in a similar economic misery but spends more than double in R&D. Which forecasts a higher growth potential in the future.

Italy lags behind Spain, dangerously close to Russia and the Slavic/Balkanic third tier. No good omen if you ask me.

[Bell Beaker]

One of the things that it fucks our economy is the lack of Portuguese multinational and sucessful worldwide Companies.