Another Look At Why Italy Will Exit The Eurozone Before Spain
Mike “Mish” Shedlock
Jul. 21, 2012
Anti-euro sentiment in Italy is already very strong and about to get stronger.
Eurointellihence has some interesting comments regarding Italy.
The demonstrations and protests [in Spain] are very likely now to spread to Italy. The country’s largest union, CGIL, said there would be a public-sector strike in September to oppose the Italian government latest austerity plan, Il Fatto Quotidiano reports.
According to Susanna Camusso, CGIL head, its union will launch “a general strike of the public sector against the umpteenth measure.” The cuts, to avert a 2% increase in VAT scheduled for September, include a 10% reduction of staff and 20% reduction of managers of public-sector.