back to the Lira?
Posted 04-06-08 at 06:00 PM by iTALY BOUND
I had read in an article that Italy was considering pulling out of the euro and returning to the lira. I think this would be a good idea because it would allow the government to have more control of its money in such areas as setting interest rates, issuing government bonds ect. I very much hope that the government will consider this knowing that the country is faced with a deficit that is equal to 106% of the nation's total gross domestic product. I think that if they do this, they can devalue their currency, which will encourage more exports, and the government could then use this extra money to invest in the manufacturing sector, alternate energy sources, paying down the national debt, and anything else that is needed. These are just my thoughts. What does everyone think of this idea?
Total Comments 0
