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Drugs and prostitutes make for one hell of a Wednesday night–and apparently, they act as the solution for economic woes. Italy, which has been in a financial hole since the eurozone crisis in 2009, has officially climbed out of the red, thanks in part to the European Union recalculating countries’ GDPs to include the black market.
From Business Insider:
The EU changed the way it calculates GDP to include illegal revenue from things like underground alcohol sales, drugs, and prostitution, Italy found out Wednesday that its 0.1% GDP decline in the first quarter of 2014 was actually flat— or 0.0% — bringing the economy officially out of recession.
Giovanni getting his pecker mouth-waxed by a lady of the night? Count it. Dante slinging junk on the corner to some teenage kids? Add it to the big board. Salvatore running an underground bar? Respect the hustle, and thanks for the business.
These “sales” are also expected to help Italy’s debt to GDP ratio, which is more than double the EU’s ceiling. U.S., let’s see how this plays out.
Money, hoes, and clothes–all that Italy knows..
[via Business Insider]
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