Monday, July 23, 2012

Why Italy (and Greece and Spain) are in debt, not to mention why other westerners have been calling them (us?) lazy for 200 years:

Today, Sicily’s regional government has 1,800 employees — more than the British Cabinet Office — and the island employs 26,000 auxiliary forest rangers; in the vast forestlands of British Columbia, there are fewer than 1,500. 
Out of a population of five million people in Sicily, the state directly or indirectly employs more than 100,000 of them and pays pensions to many more. It changed its pension system eight years after the rest of Italy. (One retired politician recently won a case to keep an annual pension of 480,000 euros, about $584,000.)

http://marginalrevolution.com/marginalrevolution/2012/07/sicily-fact-of-the-day.html

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