Italy’s Coming Stealth Eviction From The Eurozone

  • The fiscal plans of the incoming Italian government will trigger a bond crash, capital flight, a bank run and a clash with the EU.
  • They are simply not compatible with staying in the euro.
  • Since an Italian debt crisis is already a matter of time anyway, minds have to concentrate on orderly ways out of the eurozone.
  • Introducing a parallel currency, even with all the uncertainties such a new scheme entails, seems Italy’s best shot.

Source: Italy’s Coming Stealth Eviction From The Eurozone | Seeking Alpha