Article

2005-06-09 Europe

Italian Political Party Calls For Return To The Lire

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Posted by Anonymoose 2005-06-09 13:39|| || Front Page|| [1 views since 2007-05-07] Top

#1 Popcorn, please. :-D

Posted by Barbara Skolaut">Barbara Skolaut 2005-06-09 15:00|| 2005-06-09 15:00|| Front Page Top

#2 I think this is a long term foot shooting incident. Italy will in time benefit from what little fiscal discipline is required by the EU regime. Otherwise it's back to biannual devaluations.

Posted by Shipman 2005-06-09 16:11|| 2005-06-09 16:11|| Front Page Top

#3 There is a nationwide evolution going on here. For years the North has been the cash cow for central and southern Italy, and they resent it terribly. But they were at least guaranteed a modicum of respect by being the national breadwinner. However, with the coming of the Euro, the Rome government has ignored the North completely except to parasite off of it. A return to the Lira would keep Rome focused on at least mollifying them.

Posted by Anonymoose 2005-06-09 18:36|| 2005-06-09 18:36|| Front Page Top

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