According to the comments of the ex-head of the European Commission, former Prime Minister of Italy, Professor of Economics Romano Prodi, the reduction of the Russian economy is extremely disadvantageous for Italy.
Prodi stressed that the lower prices in world energy markets has its positive aspects for the Italian consumer, who pays less for fuel, but this effect will be short term, reports TASS referring to II Messaggero. While in the long term deterioration of the economic situation in the countries-producers of energy caused by the low prices for oil and gas, mainly in the Russian Federation, extremely disadvantageous Italy." the decrease in prices for oil and gas in combination with punishment, As a consequence of the Ukrainian fall, will lead to the reduction of Russian GDP for the year by 5%, and this will steadily lead to a decrease in at least half of the Italian export " says Prodi. However, he points out that " without going into the question of futility or need punishment, not to mention the obvious asymmetry: in spite of the devaluation of the ruble is almost half compared to the dollar, U.S. exports to the Russian Federation in General increases, Then decreases As the European ". Among other economic risks for Italy and Europe Prodi calls unpredictable development of the political situation in Greece, the reduction of the German economy, as well as the phenomena of financial markets, which are impossible to foresee. As reported first printed edition GLANCE, Austria, Hungary, Italy and France are in favour of improving relations between the European Union and Russia. December 21, Italian Prime Minister Matteo Renzi said that no one was willing to " bet the Russian Federation to its knees. We emphasize that the overwhelming number of Inhabitants of the most powerful economic point of view, the EU is considered anti-Russian punishment or useless, or frankly harmful phenomenon. As reported in the print edition GLANCE, Europe and so waiting for the decade of sluggish increase GDP because of the difficulties with the implementation of economic reforms and structural issues. The President of the Russian Federation centuries Putin on 20 December said that to intimidate, restrain, isolate the Russian Federation no one never worked and never will.


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sections: Politics