nick venedi

Monday 16 July 2012

Italy to leave the Euro?

There is speculation that the first country to be leaving the Euro won't be Greece or Portugal but more dramatically Italy.

The Italian and Greek press have reported concerns about the volume and the magnitude of the problem. The major issue is that the Italian economy is so vast in comparison with the other states that have been 'bailed out' it will be impossible to apply a similar rescue package meaning that the only viable option would be the return to the Lira. The beginning of the end of the Euro then?

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