Is Italy Ready to Abandon Ship on the Euro?

TruNews – April 12, 2017

(LONDON) The euro zone’s greatest existential threat may no longer center on small, peripheral countries such as Greece and Portugal dragging it down, but instead on the prospect that its third largest economy, Italy, could abandon ship.

Two recent economic reports show what the euro has meant to Italians and why polls suggest they are no longer keen. One suggests they are poorer as a result of being part of the currency bloc, the other that they are falling further behind their counterparts in main trading partner Germany.

It is a distant risk to the currency bloc that Italy will actually walk away, but not beyond imagination.

Italy’s 5-Star movement, which wants to dump the euro through a referendum, has been surging in opinion polls recently, getting as much as a third of the vote in a March Corriere Della Sera poll. The anti-European Union Northern League got another 12 or so percent – and there are others.

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