‘Italy may abandon euro if debt not renegotiated’ - politics kingmaker Grillo
Published time: March 02, 2013 23:31
The economic crisis may see Italy abandoning euro and returning to lira, says comedian-turned-politician, Beppe Grillo, who’s anti-establishment Five Star Movement became a major power in the country’s politics after the last week’s general election.
In his interview with German Focus magazine, Grillo urged for the renegotiation of Italy’s €2-trillion debt, which is the second highest in the euro zone after Greece, at 127 per cent of gross domestic product (GDP).
“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” the 64-year-old said.
According to the Five Star Movement leader’s forecast, the Italian political system has "only six months" left before it collapses and the state will no longer be able "to pay pensions and public sector salaries".
Full article:
http://rt.com/news/grillo-italy-euro-abandon-731/
Comment
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Comment by Elyag Reed...We are Legion on March 3, 2013 at 6:19am
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Dear Snr. Grillo:
There are Open Borders next to you - Germany and France. Start moving your supporters into those countries and see what results.
War and economic problems in Africa - Middle East cause the migration of millions into neighboring countries and presto, the world responds. UN aid -food, water and housing (even tents are better than No House. With this action the two main Euro supporters will be forced to act to combat the crisis of Exposure. Just talking and writing about it is going nowhere - slow.
A better idea - Issue government back money! in other words, follow Iceland and let the banks tank.
In a desperate situation, in a desperate country, desperate people do desperate things. You all sound desperate.
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