Another Euro Crisis?
Hold on to your lug nuts. It’s going to be a bumpy ride! Italy Euro Politics Once upon a time, politicians in a given country disagreed about things. Those things were mostly domestic, although there has always been some foreign policy issues as well. What they didn’t used to do, was just throw out wholesale changes to the entire structure of the economy based upon a single election in which one side won 51% to 49%, or whatever. After the Brexit vote, all bets seem to be off in the world of political market stability. Which brings us to Italy. It seems that within Italian politics there are those who are what they call “Euro-skeptics”, which basically means that they aren’t in favor of the Euro and/or are not in favor of all the rules they must follow to be part of the Euro. Essentially, when the Euro was setup, everyone was very keen on all of the benefits a single European currency would drive. And, why not? There are many, many benefits. As with most things, however, there are some responsibilities too. This is because with a single currency not only are the benefits shared, but so are any …