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Euro Risk Due To Possible Return of Italy To Lira

The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro “as soon as possible” and return to the lira.

Beppe Grillo, the leader of Italy’s Five Star Movement has shocked EU elites by launching of a non-binding consultative referendum on the matter which will be put before the parliament. “We will collect half a million signatures in six months – a million signatures – and we will take our case to parliament, and this time thanks to our 150 legislators, they will have to talk to us” the Telegraph reports Grillo, the popular comedian and increasing popular politician as having said.
Italy’s Five Star Movement has thrown down the gauntlet and believes that a return to the lira may be the only way to end the economic depression and indeed save Italian sovereignty and indeed democracy.

The movement, for whom 25% of Italians voted in last year’s general election, and a further 21% in this years European elections, appear to be upping the ante following the failure of the the EU bureaucracy and the ECB to acknowledge demands, last May, for the creation of Eurobonds to support the Euro and the abolition of the EU fiscal compact.

Source GoldCore

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