Will Italy also come out of the European Union?

Will Italy also come out of the European Union?

The growing debate in Italy over “Italexi” is a reflection of the inconsistent difficulties facing the eurozone, financial expert Marc Friedrich told “Sputnik Deutschland”. Italy's possibility of exit from the eurozone has been raised as an issue in the Italian Parliament, as politicians have discussed how debt is being handled [...]

The possibility of Italy's exit from the eurozone has been raised as a matter in the Italian Parliament, as politicians have discussed the way public debt is being handled, which reached 132.6% of Bruto-Vendoral Production in 2016.

In early July, Italian leaders of the five-star Movement held a seminar where Italy's economic situation has been discussed. They discussed the non-fulfillment of Eurozone mechanisms as well as strategies for restructuring national debt, parallel payment systems, as well as the possibility of leaving the eurozone.

This debate for the first time showed that the Italian Parliament intends to discuss option “Italexit”, which had been “tabu” until today, Italian press reported, the Periscopi broadcast.

Financial expert Marc Friedrich told “Sputnik Deutschland” that a return of the previous currency was Italy's lira one would benefit Italy, which is fighting as never before with high levels of debt and unemployment.

The countries of southern Europe would have better economic stability if they had a national currency than the euro” said Friedrich.

In March, Economy Professor Alberto Bagnai called for a controlled euro audit, arguing, “No matter how much capital is invested in it, the euro will drop”.

According to Baghnai “The most likely cause will be the collapse of the Italian banking system, which will take the German one as well. It's in the interest of some political force, of course the European leaders who are looking down, and probably of the U.S., to manage this issue passively to its drop”.

Like Baghnai, Friedrich is calling for the last “demining damage” of the euro.

The only thing we're experiencing right now is managing a delay for bankruptcy, and a deteriorating situation for most ordinary people. What we're doing is actually maximize the damage, where it now needs to be minimized the damages”, Friedrich said in other words.

The longer Italy and other southern European countries are controlled by the Central Economic Bank, they are imprisoned by the euro currency, the greater the collateral damage to their prosperity, social coexistence and democracy are understood, seeing this situation as the situation of the extreme parties becoming ever stronger”, the Friedrich Paralamero.

He further stated that the “when the euro was created, agreed that no country should pay for another country, all these laws have been and are being scattered by the Maya, and no one takes responsibility for it. In fact, the euro is a fake coin, it will fail, but the only question at the moment is when? The European Central Bank should withdraw it as long as possible. ”/Periscopi/

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