Exiting the euro won't help Italy if it doesn't reform
Italy’s Labor and Industry Minister and deputy Prime Minister Luigi Di Maio (R) waves as he arrives with Italy’s Interior Minister and deputy Prime Minister Matteo Salvini for the swearing in ceremony of the new government at Quirinale Palace in Rome on June 1, 2018 ALBERTO PIZZOLI/AFP/Getty Images
The populist coalition in Italy has presented an “economic” program and a threat to the European Union that makes Greece look like a walk in the park. The Italians have more debt, are more intertwined with the European banking system, and have even drawn up a plan on how to leave the Euro.
But where do Italy’s economic problems come from? They are self-inflicted and not due to the Euro.
