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What’s Next: ‘Italexit’ or a European Union Crack-Up?
Editor's Сhoice
What’s Next: ‘Italexit’ or a European Union Crack-Up?
April 8, 2020

Unlike Great Britain, which kept the pound sterling after joining the EU, Italy abandoned the lira. To be sure, Italy adopted the euro under conditions unfavorable to its economy, but abandoning the euro now would make things even worse.