Re:Facebook to staff: Avoid company-branded clothing for own...
by KaiserPro on Tuesday January 12, 2021 @08:57AM
(#25746916)
> Exiting the Eurozone and reverting to national currencies is pretty much the only answer to fix their economies.
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.
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.