Italy's Salvini says government is finished, wants elections

[nauseus]

8 minutes ago, bristolboy said:

Apart from the fact that such a threat is purely imaginary, that still has absolutely nothing to do with the facts about Italy's Target2 debt. Unless of course every time the Euro is mentioned in any context that somehow relates to the UK. From obsession to monomania.

 

You really believe that the EU don't want the UK to adopt the Euro? OK, up to you.

[bristolboy]

14 minutes ago, nauseus said:

You really believe that the EU don't want the UK to adopt the Euro? OK, up to you.

They might wish it, but they don't have the means to enforce it. They haven't even been able to get Poland to adopt the Euro even though it is technically obligated to do so.

[kingdong]

On 8/9/2019 at 12:00 AM, bartender100 said:

Would not be surprised if Italy was out of the EU before the UK, they owe Trillions of Euros to other EU nations, only way is to default

 

https://www.forbes.com/sites/simonconstable/2019/06/20/doomed-how-theres-no-way-out-of-the-debt-crisis-for-italy/#7f35ec1368bb

italy should leave,go back to the lira,and knock the eu for its debt.

[kingdong]

On 8/9/2019 at 8:09 AM, bristolboy said:

I don't know what the total is. Does it matter? Is Target 2 debt especially toxic?

all a bit academic if you,re skint.

[kingdong]

On 8/9/2019 at 8:34 AM, Andrew65 said:

I read something interesting a few years ago about the Italian economy. Because so much of Italian retail operations are locally owned, cafes restaurants, pizzerias etc (in comparison with say the UK), much more money tends to stay locally, Italians tend to be more cash-wealthy than other countries.

 

There's still obviously tax avoidance & corruption, but this is also a factor.

unlike the uk what with its polski schelps,and large migrant population sending vast amounts of our currency overseas every week

[Andrew65]

18 hours ago, kingdong said:

unlike the uk what with its polski schelps,and large migrant population sending vast amounts of our currency overseas every week

No, I mean things like Costa Coffee, Amazon etc, big chains.

 

Although I have to admit drinking coffee in Wetherspoons, £1.30 for as much as you want, rather than £2.70 for one cup anywhere else.