Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
And trying to leave the Euro could be even more damaging for all parties than Brexit.

If, (as so many economists have averred from Krugman, Stiglitz and Varoufakis on, the Euro is flawed by design,) then does it matter much whose actions lead it to breaking point?
It was a just a matter of time...
No-one really wants to leave the Eurozone, but Italy will not be forced into austerity and Troika-ville as easily as the Greeks are.
So it has to threaten to in order to make the rules more favorable to S.Europe.
Game theory, innit.
With Öttinger as the new Schaubler straight out of central casting in the villain role, it's not hard to see why many Italians are bristling at being insulted almost daily by the big cheeses in Brussels.
There's a very good article in the latest Jacobin magazine about it, I can't link with this tablet, sorry.
Maastricht and Dublin need renegotiating asap, or we will see more chaos down the road for the whole EU project, not just the EZ.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sun Jun 3rd, 2018 at 06:17:06 PM EST
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