[mmarq]

Italy was already significantly behind Germany and far from the technological frontier in the 1980s, it wasn’t the euro that slowed its growth.

Then it took 40 years of obscene governments to bring it where it is now.

[harperlee]

> it wasn’t the euro that slowed its growth

This only follows from the first phrase if you assume that one and only one thing can slow Italy.

[mmarq]

TFP growth has stopped in the mid-70s or in the 80s at best, there isn’t much more to say.