Cherson & Molschky: Dope and Hookers Will Save Europe

Amsterdam Red Light District. Prostitution is legal in the Netherlands.

Europe invented an absolutely revolutionary method for getting out of a recession and boosting its GDP. It’s a magic wand that in a wink has increased Europe’s GDP by 2%.

Italy –wow! A true wonder- has avoided its third potential recession in the past six years, a likely relief for the government of Prime Minister Matteo Renzi, which has been struggling with reforms while trying to keep the deficit low in accordance with EU agreements. Italy’s office for national statistics (ISTAT) triumphantly announced that Italy’s GDP rose marginally from a 0.1 percent decline for the year’s first quarter to a flat reading. It means that Italy is no longer in an economic recession!

But miracles do not end here. Italy also noted that, “Compared to the first quarter of 2014, final consumption expenditure increased by 0.1 percent, gross fixed capital formation decreased by 0.9 percent; imports and exports increased by 0.8 percent and 1.1 percent, respectively”…

Share
  • Drunk_by_Noon

    So Italy wants to turn her women into whores?
    The Roman emperor Caligula turned part of the royal palace in Rome in to a brothel to help pay the state’s debts.
    They say he was mad.
    I just say he was just a typical European politician.

    • Frau Katze

      I don’t think they’re looking to increase illegal economic activity, it’s just a statistical fudge to make their economies seem better. I read about this earlier in the financial press.

      • luna

        Looks like Enron’s former accountants now work for the European governments.

        • Frau Katze

          Something like that, yes.

    • mauser 98

      as Max Keiser says ” gulag casino”

  • DMB

    The following is an important message from the EU. lol! https://www.youtube.com/watch?v=yjnBRS8D7uk

  • simus1

    Baloneyum production and consumption is breaking new records every day as trumpeted in all EU public media.

  • Hard Little Machine

    Legalize everything and eliminate the massive black economy.

    • FactsWillOut

      Especially guns, including full-auto weapons and assault rifles.

  • Jay Currie

    All this and under the table Polish plumbers.

    Of course, were one to look at the BC economy adding back pot cultivation, we’d be booming.

    • Frau Katze

      It’s most unfair that we can’t include the pot!

    • Minicapt

      If they did, the Dippers and the Greens would insist on subsidies for the poor and less fortunate who subsist on the BCGEU rosters.

      Cheers

  • Norman_In_New_York

    If all economic activities kept off the books to avoid taxes and regulations were added in, all economies would look a hell of a lot better. The distortions are massive.

  • All Too Much

    California would be richer than Zuckerberg.