Italy leaving euro

Italy At A Crossroads: Will It Save Or Leave The Euro?

Giacomo Bracci | The result of the latest Italian political elections has been interpreted by many observers as the outcome of deep, popular discontent. Recent developments in the country  have also revived the possibility once again of an Italexit in the political debate of the entire euro area.



The EMU has not had the desired unifying impact

The Italians Plans For Leaving The Euro…Or That This Blows Up

If I haven’t got the wrong end of the stick, Italy plans is to create a parallel currency to the euro, guaranteed by the Italian government, but which I don’t know who will control. A Bank of Italy? The government would issue these BOT, endorse them with the BI, which would give it the money to be shared out amongst the unpaid creditors. It seems a lot like Helicopter Money.