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pintohoo

81,785 Posts.

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31/07/20

15:04

Post #: 46220015
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Originally posted by LoadedDog ↑

Were they to exit, the Lira would drop, Italian exports would become cheaper and the economy would stabilise at a lower standard than they currently enjoy. That's how floating currencies work.

BTW I'm not suggesting that Italy's problems would disappear. That's asking too much.

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the lira couldn't drop because there isn't a lira

if they did exit - they might just leave the debts behind

default has worked for Greece over a very long period

Italy would start from scratch

(possibly)
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