Word: carlie
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ITALY. With inflation running at a 21% rate in 1980, Italy's key exports, such as textiles and shoes, are rapidly becoming uncompetitive in world markets. Guido Carli, president of the European Community's Union of Industries and former governor of the Bank of Italy, foresees no growth...
Although the economies are weakening, the five experts warned against any heavy increase in government spending and championed a calm, "steady as she goes" policy. Increases in unemployment, which is already at levels unknown in Europe since World War II, are viewed as an inevitable consequence of slower economic growth...
On the other side, worried government bankers agree with Guido Carli, former chief of Italy's central bank, that Eurocurrencies have become ''the root of all evil in the international monetary system.'' In this huge worldwide market, currencies can be traded almost instantly and without...
Guido Carli, the former governor of the Bank of Italy who now heads the Italian Confederation of Industry, openly forecasts "an era when private industry is no longer able to make a profit." In West Germany, Kurt Richebacher, chief economist of the Dresdner Bank, speaks of "a grave profitability crisis...
Carli's replacement will be a triumvirate headed by his longtime deputy, Paolo Baffi, 64, a retiring monetary expert whose views are not known to differ from Carli's. The others are Rinaldo Ossola, 61, a former chairman of the International Monetary Fund's Group of Ten...