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
Tags: Eurocrisis · Italy