"Italy has to come out of the euro, the benefits are clear"

Italy would do well to get out of the single currency, a risky move but one that would bring "clear, linear and considerable" benefits. The suggestion comes from the Nobel Prize in Economics Joseph Stiglitz who, in a long badysis of the pan-European daily Politico.eu lists those that he considers to be the advantages of abandonment of "euro for our country

Starting from the consideration that Salvini and Di Maio would do well to demand a strong reform of Europe, the American scientist shows how Brussels has instead introduced strong restrictions on debts and deficits, "which represent other obstacles to economic recovery

" What needs to be done is well known but the problem is the reluctance of the government. Germany which prevents any change "

The" risk of Greece "for Italy [19659005] Stiglitz brings the example of Greece by Alexis Tsipras that the economist calls "Shy and inexperienced," he should have rejected the various plans rescue and out of the single currency, but did not have the courage to do so, and "the result was stagnation", with the country's GDP which since 2015 "has dropped 25 percent compared at its level before the crisis ", and since then" barely moved ".

"Rome must not make the same mistake.In the absence of significant reforms, the benefits for Italy of leaving the euro are clear, linear and considerable."

" A lower exchange rate would allow Italy to export further – states Stiglitz – Consumers would replace imported products with Italian products.Rights tourists would find that the country is an even more destination attractive ", all this" will stimulate demand and increase public revenue ", and in this way" growth will increase and the high rate unemployment in Italy (which is 11.2%, with 33.1% of this youth) would decrease. "

Naturally the Nobel knows that it would be difficult not to be approached following a choice of the kind, explaining that the real challenge would be to" leave the euro zone by minimizing the economic and political costs ".