by Mauro Battocchi
In welcomed economic news, Il Sole 24 reported that Italy is now part of the "100 Billion Trade Surplus Club". Indeed, the bel paese generated a $113 billion surplus in non food products last year. And so Italy joins China, Germany, Japan and South Korea as one of five G-20 countries that have a structural manufacturing surplus. Of this surplus, a full EUR 76.4 billion (more than 80% of the total) derived from machinery and equipment, electrical goods, non-automotive transport equipment, metal products, and rubber and plastic articles.
