[ad_1]
A crisis in Italy would lead to a collapse of the country, which would have serious repercussions on its banking system, Gerber Dbadelblum, former president of the Eurogroup, told CNBC.
"If the crisis in Italy emerges, it will mainly cause a collapse of the country's economy and will not be pbaded on to Europe because of the way of financing economic activity and banks. Given the Italian government's proposals, the European Commission has no choice but to abandon them, which is not the end of the process, but the beginning. Italy will not be saved because it is politically and economically impossible.There is no such mood in the eurozone.A rescue from Italy would destroy the ESM in two years.L & rsquo; Italy must flee, the situation as a whole is worrying, there will be a confrontation, "he said.
Dacielblum, who has found himself in the eye of the cyclone during the Greek crisis, said the current tensions with Italy were different. "The season is different.The Greek crisis has had a huge risk of spreading to the rest of the eurozone and terrorizing the future of the monetary union and its banking system." Italy , on the contrary, is largely self-financing, "said Gerun Dbadelblum.
[ad_2]
Source link
