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08-06-2019, 11:19   #1
Jimmy Garlic
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Italexit. Proposals for new Italian currency gaining traction

Looks like Italy is getting very itchy feet, proposals for a new Italian currency gaining traction in Rome. It will be interesting to see what unfolds as Italy starts preparing to bail out of the EU.

https://www.express.co.uk/news/world...st-news-update
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08-06-2019, 11:21   #2
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Nonsense.


End thread.
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08-06-2019, 11:22   #3
 
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This along with the coming hard brexit should be enough to tip the EU over the edge.
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08-06-2019, 11:26   #4
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This along with the coming hard brexit should be enough to tip the EU over the edge.

You mean fall off their seats laughing?
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08-06-2019, 11:33   #5
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Leaving aside the fact it's a Daily Express article and was likely written with hysterical glee to bad mouth the EU, it mentions nothing of Italy leaving the EU, just some corners of its ... unconventional government proposing a parallel currency. Hardly the same thing, and unlikely to gain any traction. It's Italy, there'll be another government due in another 12 months anyway.

If anything, Brexit has shone a light on the harsh realities of leaving the EU, with many 'populist', anti-EU parties dropping "leave the union" from their respective manifestos. For all the bluster of Italy, Hungry et al, I don't believe they're foolish enough to take the plunge. Now if Brexit turns out to be some kind of economic miracle for Britain, let's return to this thread in 5-10 years, but until then, this kind of talk just feels like projection on the authors' part...
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08-06-2019, 11:36   #6
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This is to get Italy out of eurozone not our of EU. Italy can't devalue Euro to make itself more competitive but it could devalue their own currency. This type of ideas are not new, they were floated here during financial crisis and in Greece. Italian economy is a mess and being part of eurozone probably doesn't help.

Italy is a lot bigger problem for EU than Brexit. It has unsustainable debt and no growth. I don't know if separate currency is a solution but all ideas should be on the table because current situation can't continue. And it doesn't matter who is in power in Italy, this is a consequence of mismanagement of public finances for decades.
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08-06-2019, 11:39   #7
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You mean fall off their seats laughing?
The only thing that would fuel their laughter is their arrogance, so detached they are from the reality that the cracks are getting bigger in their 'project'.
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08-06-2019, 11:44   #8
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The only thing that would fuel their laughter is their arrogance, so detached they are from the reality that the cracks are getting bigger in their 'project'.
Yet as has been flagged, this article is demonstrably NOT about Italy leaving the EU, no matter how much you might want it to be. Italy's public finances are a joke, need some kind of stimulus and it's obvious there are those entertaining Big Swings as ideas - though again, it's the Daily Express here and lord knows the amount of truth involved here
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08-06-2019, 11:44   #9
 
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The only thing that would fuel their laughter is their arrogance, so detached they are from the reality that the cracks are getting bigger in their 'project'.
I have never once heard a credible case for Ireland leaving the EU.

We need them more than ever with Brexit.
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08-06-2019, 11:45   #10
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The only thing that would fuel their laughter is their arrogance, so detached they are from the reality that the cracks are getting bigger in their 'project'.
The mess that is in Italy has a potential to cost us all dearly. If Italy needed a bailout it would be huge in comparison to Ireland and Greece. To me cheering something like that would be incredibly dumb but knock yourself out.
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08-06-2019, 11:50   #11
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This 'traction' will halt suddenly when the ludicrous proposal meets reality.
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08-06-2019, 12:16   #12
Jimmy Garlic
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This 'traction' will halt suddenly when the ludicrous proposal meets reality.
The pomposity of the EUs imperial class will be their undoing.
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08-06-2019, 12:20   #13
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The pomposity of the EUs imperial class will be their undoing.

Oh right.

What will happen then?
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08-06-2019, 12:27   #14
 
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Great to see pity our politicians are all EU lap dogs who are always willing to bow down to their masters in Brussels rather than looking out for our country. Italy has been under constant attack from the EU with of the few politicians in Salvini that's a true man of the people and not another useless bureaucrat. It's not only this look at how the EU has treated Italy with the migrant situation.
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08-06-2019, 12:32   #15
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Oh right.

What will happen then?
Countries will be free to act in their own interest again, instead of being hamstrung by layers of detached imperial bureaucracy.
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