Can Italy ditch the euro?
Fistful of Euros blog has a post about John Kay's FT article on the possibility of Italy leaving the eurozone. FOE concludes it's not a matter of "if," but "when."
It's interesting that it's Italy, because Italy is an example of a state being harmed by an internationational regime in Lloyd Gruber's 2000 book, "Ruling the World." Gruber, a U of Chicago professor, suggests that intl institutions don't necessarily involve mutual gains/positive-sum relationships, and that there are in fact "loser states."
Starting the euro up was a logistical miracle (very well planned - it wasn't just luck), and it's not certain Italy would be as logistically savvy in leaving the currency group. IF they decide to.
Stay tuned.
It's interesting that it's Italy, because Italy is an example of a state being harmed by an internationational regime in Lloyd Gruber's 2000 book, "Ruling the World." Gruber, a U of Chicago professor, suggests that intl institutions don't necessarily involve mutual gains/positive-sum relationships, and that there are in fact "loser states."
Starting the euro up was a logistical miracle (very well planned - it wasn't just luck), and it's not certain Italy would be as logistically savvy in leaving the currency group. IF they decide to.
Stay tuned.
posted by bp at
8:28 AM
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