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IPFS News Link • Italy

Out of pocket, Italians fall out of love with the euro

• http://www.reuters.com, By Gavin Jones

Afew years ago such a scenario, that Salvatore Rossi said would lead to "catastrophe and disaster", would not have been up for public discussion.

Now, with the possibility of an election by June, politicians of all stripes are tapping into growing hostility towards the euro. Many Italians hold the single currency responsible for economic decline since its launch in 1999.

"We lived much better before the euro," says Luca Fioravanti, a 32-year-old real estate surveyor from Rome. "Prices have gone up but our salaries have stayed the same, we need to get out and go back to our own sovereign currency."

Now, with the possibility of an election by June, politicians of all stripes are tapping into growing hostility towards the euro. Many Italians hold the single currency responsible for economic decline since its launch in 1999.

"We lived much better before the euro," says Luca Fioravanti, a 32-year-old real estate surveyor from Rome. "Prices have gone up but our salaries have stayed the same, we need to get out and go back to our own sovereign currency."

The central bank is concerned about the rise in anti-euro sentiment, and a Bank of Italy source told Reuters Rossi's appearance is part of a plan to reach out to ordinary Italians.


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