[quarantaseih]

"whatever it is supposed to mean for a country like Italy,"

Go look at the econ stats circa 2000 of Veneto, Lombardy and Piedmont and compare them to Germany's.

[mmarq]

I mean that Italy, especially the north, has one of the strongest industrial sectors in the EU. It’s not a country that has to reindustrialise and even if it were, it would be doing it by debasing its currency.