There are European states in which government overreach wrecked the economy so much that anti-establishment parties got elected.
You can see trump as one meager step in that direction. I think the natural conclusion, after seeing that things are not changing by voting mainstream parties, is to actually vote someone else.
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Italy has a lot of very productive industries. But they can't compete with Germany and other northern European countries while the scales are tipped firmly against them due to their currencies being tied together via the Euro. A freely floating currency would correct that and make Italy a very promising place to invest in and export from.
Greece is a different story, and it is not entirely blameless. It should never have been allowed to join the Euro. But the cause of its economic woes is the same: its currency is tied to stronger economies with which it can't hope to complete, and that economic imbalance has caused complete devastation of its economy.
> Exiting the Eurozone and reverting to national currencies is pretty much the only answer to fix their economies.
We had this argument in 2008ish and Syriza abandoned the plan, after (correctly) realising that crashing out of the Euro would be worse.
It's been stagnant ever since joining the Euro, and nothing material has changed which would improve matters, and I don't see the status quo being tenable. 2008 might not have been the tipping point, but doing something which isn't in the long term interest of people can't continue indefinitely.
Apart from that would incur tariffs that would be far high than the trade winds exposed by the eurozone.
Having your own currency only really helps when you have a boat load of debt, and you want to inflate your way out of the problem. However that's exceptionally damaging in the medium term, especially if you have unstable leadership.
The fundamentals of italy are difficult to overcome by leaving, or blaming the eurozone. Italy has a rapidly ageing populace, and a drop in fertility. None of that is going to be fixed by leaving the euro.
It's not a success story, nothing really changed and the party turned into the establishment (they didn't really have a plan), but it shows where people's heart is.
Right and left wing parties in Italy laughed at it at the beginning, nobody thought they would ever win.
- Angus King (Maine),
- Bernie Sanders (Vermont)
Between them, Joe Manchin, Lisa Murkowski, Susan Collins and Mitt Romney, they definitely do hold all the power right now.