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Ambrose Evans-Pritchard: The great lira revolt has begun in Italy
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 13, 2014
The die is cast in Italy. Beppe Grillo's Five Star movement has launched a petition to drive for Italian withdrawal from Europe's monetary union and for the restoration of economic sovereignty.
"We must leave the euro as soon as possible," said Mr Grillo, speaking at a rally over the weekend. "Tonight we are launching a consultative referendum. We will collect half a million signatures in six months -- a million signatures -- and we will take our case to parliament, and this time, thanks to our 150 legislators, they will have to talk to us."
Ever since the pugnacious comedian burst on the political scene, the eurozone elites have comforted themselves that the party is not really Eurosceptic at heart and certainly does not wish bring back the lira. This illusion has been shattered. ...
... For the remainder of the report:
http://www.telegraph.co.uk/finance/economics/11159649/The-great-Lira-rev...
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