Friday, June 03, 2005
Europe's real economic crisis point: Italy?
While everyone talks about France and Germany...
While everyone talks about France and Germany...
Italy faces 'horrible martyrdom' while in the eurozoneUpdate...
Italy is in much the same mess as Argentina in the last throes of its disastrous dollar-peg and faces a "horrible martyrdom" as long as it remains inside the eurozone, according to a market report issued yesterday... [...read more ...]
Euro facing meltdown as Italy considers backing out
Europe's political crisis spread to the euro yesterday after Italy publicly discussed abandoning the single currency and reverting to the lira.
The Italian suggestion, once unthinkable to the European establishment, comes as a poll showed a majority of Germans want to pull out of the euro and revive the Deutschmark...
German authorities were forced this week to deny a report that the finance ministry and the central bank have an emergency plan for the break-up of the euro, but the German people are certainly discussing that outcome. A survey for Stern magazine this week showed 56 per cent of Germans want to return to the Deutschmark... [more via the Scotsman]
