Arrivederci and good riddance

From Drudge:

Italy should consider leaving the single currency and reintroducing the lira, Welfare Minister Roberto Maroni said in a newspaper interview on Friday.

Maroni, a member of the euro-skeptical Northern League party, told the Repubblica daily Italy should hold a referendum to decide whether to return to the lira, at least temporarily.

He also said European Central Bank President Jean-Claude Trichet was one of those chiefly responsible for the “disaster of the euro.”

The euro “has proved inadequate in the face of the economic slowdown, the loss of competitiveness and the job crisis,” Maroni said.

Unlikely, but definitely cool. I still have a few lira that were accidentally tucked away in a drawer a few years ago. The Euro has been a disaster, significantly increasing expenses in Italy while doing almost no one any good except the European Central Bank and their cronies.

According to Prechter, third waves lead to the dissolution of treaties and alliances, so this may only be the first sign of the impending doom of the monetary union.