Italy to lead mass walk out of eurozone so we must SCRAP euro NOW, top economist predicts
NOBEL Prize-winning economist Joseph Stiglitz predicts Italy will be the first of a slew of countries leaving the eurozone in the next few years as he blames the financial crisis on the EU, the euro and Germany.
By ALIX CULBERTSON
Express.co.uk
Thu, Oct 6, 2016
The European Union (EU) lacks the decisiveness to undertake needed reforms such as the creation of a banking union involving joint bank deposit guarantees, he told Die Welt newspaper.
Mr Stiglitz, the World Bank’s former chief economist, accused the bloc of lacking solidarity across national boundaries.
He said: “There will still be a euro zone in 10 years, but the question is, what will it look like? It’s very unlikely that it will still have 19 members. It’s difficult to say who will still belong.
“The people in Italy are increasingly disappointed in the euro.
“Italians are starting to realise that Italy doesn’t work in the euro.”
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