Italexit

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The member countries of the Eurozone (as of June 2015)
  • Countries with the euro as their legal currency
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    • Italexit , also known as "Uscitalia, UscITA or Quitaly", describes a possible exit of Italy from the euro zone . These are suitcase words from the English words Italy and exit , or their variants in Italian. A possible exit of Italy from the euro zone was first widely discussed in public after the constitutional referendum on December 4, 2016 ; As a result of the parliamentary elections in Italy in 2018 , the risk of Italy leaving has been a topic of discussion since the end of May 2018.

    background

    In the constitutional referendum on December 4, 2016, Italian voters were able to vote on a constitutional amendment approved by parliament. This should stabilize the government and reduce the likelihood of frequent new elections. President of the Council of Ministers Matteo Renzi campaigned for the constitutional amendment and announced before the referendum that he would step down if he voted “No”. He did so on December 7, 2016. There was already a lot of speculation before the referendum.

    Italexit scenarios

    Parallel currency

    Former Prime Minister Silvio Berlusconi said before the referendum that the euro was a poorly thought out project and had done neither Italy nor Europe any good. At the same time, he did not hope for an Italexit; this would be a mistake at this point. A two-currency system would be conceivable, which would give Italy partial sovereignty over the second currency.

    North Euro and South Euro

    The five star movement is for a division of the euro area. There is to be one euro for the northern countries and one for the southern countries, which tend to want to stimulate their exports through currency depreciation rather than the northern countries.

    See also

    Individual evidence

    1. ↑ Fear of the Italexit. In: boerse.ard.de. May 29, 2018. Retrieved May 29, 2018 .
    2. ↑ Jürgen Röder: Is the euro crisis flaring up again? Three possible "Italexit" scenarios. In: Handelsblatt. May 29, 2018. Retrieved May 29, 2018 .
    3. ^ Diana Dittmer: Europe threatens the Italexit. In: n-tv.de. November 16, 2016, accessed December 4, 2016 .
    4. ↑ Europe stands upside down on Sunday - How close are Italexit and Öxit? In: wallstreet-online.de. December 2, 2016, accessed December 4, 2016 .
    5. ↑ Berlusconi calls for a second currency for Italy. In: welt.de. December 1, 2016, accessed December 4, 2016 .
    6. ↑ ilfogklio.it December 1, 2016: Interview
    7. ↑ Survey Italy: Five Star Movement is the strongest party. In: deutsche-wirtschafts-nachrichten.de. July 8, 2016, accessed December 4, 2016 .