Italy’s Crisis: Democracy And The Euro (Andrea Lorenzo Capussela)
«So, to state the obvious conclusion, the main roots of Italy’s malaise are domestic. The country may have met the Maastricht criteria for joining the euro but it failed to shift onto a fairer and more efficient equilibrium. Hence her need to see political alternatives better than the present ones arise.
These observations invite one last remark on those confident critiques, rapidly relayed across the web. Italy’s stability hangs on the delicate balance of powerful opposing forces. It can be compared to a china shop with too few customers, whose bankruptcy could ruin the whole neighbourhood. The elephants that entered it last Monday might, upon reflection, have spoken more advisedly.»
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