tag:blogger.com,1999:blog-10701792.post3529162981873780457..comments2023-12-02T00:59:10.380+01:00Comments on England Expects: Is the Euro a "sub prime" currency?Gawain Towlerhttp://www.blogger.com/profile/08583658895528269901noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10701792.post-36200662003251091902010-02-27T18:35:32.157+01:002010-02-27T18:35:32.157+01:00I do not know about Spain (or Greece) but Italy ha...I do not know about Spain (or Greece) but Italy has a substantial 'black' economy. One man I knew had three jobs, only one of which was in the 'official' economy. Hence the official figures for the official economy will undervalue the real wealth of the country. My guess is that Italy could have as much as an additional 25% of GDP.Budgienoreply@blogger.com