Another full turn in the ominously rising spiral of Italian economy was just about completed last week. Successive effects of invading Ethiopia, battling League sanctions, supporting General Franco and building up a huge Army & Navy have upped State expenses, which has increased taxes, which has jacked up prices. As if living costs were not enough already, last fortnight Italy imposed a 2% turnover fee on every commercial transaction. In every case merchants passed it on to consumers; in some cases merchants did better and profiteered on the side.That caused the Italian Government to take some tough measures.
Some...
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