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IPFS News Link • European Union

Eurozone Day Of Reckoning Coming Soon:

• zerohedge.com by Michale Shedlock

The eurozone cannot survive without Italy. The serious problem at the moment is the Eurozone also cannot survive with Italy.

Two of Italy's three largest parties are anti-Euro. The only party in Italy that does support the euro is ex-prime minister Matteo Renzi's Democratic Party. And with Renzi gone, there's a huge risk the party splinters.

Regardless, there are no likely scenarios that can keep things from flying apart according Wolfgang Münchau. I believe his analysis is solid.

Münchau makes a detailed case why the eurozone is doomed in Italy Poses a Huge Threat to the Euro and Union.

He lists five ways the Eurozone can stay intact. However, none of them stands up to close scrutiny.


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