- EU WARNED: Italy Likely to DITCH Euro to Introduce OWN Currency, Financial Strategist Says
by AURORA BOSOTTI, https://www.express.co.uk/
ITALY is “likely” to leave the European Union and the eurozone to launch “their own currency” if the eurosceptic Lega-M5S Government refuses to change its 2019 budget plans, strategist Mark Grant claimed.
Italy‘s Government has refused to budge from their budget proposal for 2019 despite the European Union rejecting the plan. Brussels issued Rome with an ultimatum, warning the bloc is prepared to severely fine the member states if their demands are not met by the end of November. The ongoing war of words between the Italian Republic and Eurocrats has been fuelling forecast the country could soon abandon both the bloc and the eurozone.
Mr Grant insisted the “dire” conditions in which Italian banks are at the moment could soon trigger a withdrawal from the common currency in favour of a domestic option. Speaking to Bloomberg, the financial strategist said: “I think Europe is about to find itself in a great deal of difficulty depending on what they do to Italy.