Paolo Savona, a former minister and president of the Interbank Deposit Protection Fund, has proposed that Italy is free of the "European noose tightening around his neck that goes," considering the convenience of or exit from the Euro Union. This is the first authoritative figure, representing a part of the political and economic, to break the taboos imposed in the last twenty years, and to question a decision that for Italy is proving ever more disastrous.
In a letter to the editor of Il Foglio , Savona wrote on November 10 entering the Euro since its inception, Italy has accepted "the external constraint in the promise of a better future that has not been achieved, and indeed tightening the rope around his neck that has voluntarily placed.
Ben presto si è capito che una moneta senza governo non avrebbe funzionato; data l’impossibilità di governare la moneta con un organismo politico, fu introdotta una “governance delle regole”, e cioè i parametri di Maastricht e il Patto di Stabilità. Però, il meccanismo è fallito e ora si cerca di riformarlo senza passare per i Parlamenti, come prevede il Trattato, e farlo approvare direttamente dai capi di stato. “Dal governo delle regole si passa al governo del loro aggiramento. L’Italia si troverà di fronte a uno di quei momenti storici che richiedono una scelta importante (…)
"Even if you pretend that the problem exists, the European noose is tightening around the neck is Italy. It is time to understand what is actually going on in the review of the spoken and the reality of things in Europe, taking the necessary decisions, including exploring whether to stay or not in the euro area or a single , as did the United Kingdom and is run autonomously interest rates, money creation and exchange rates. If Italy decides to follow the UK - but this choice should be studied seriously - it certainly go through a serious crisis of adjustment, with immediate damage but health benefits, those that have so far been missing: replaces the undignified external constraint with a direct responsibility of government leaders. It would open the possibility of replacing a decline secure a better future through re seizure of sovereignty to exercise independent economic decisions, including those concerning global alliances. "
While Savona has called for a national debate on this issue, none of the various Giavazzi, Boeri and so on. had the courage to respond. He did Giorgio La Malfa, former colleague and friend of Savona, who wrote that "a Ruled country would seriously choose the road that suggests Savona. But fears that "the problem of participation / exclusion of the euro could be the detonator of the division of the country between a party that feels under sharing policies and part of Germany which is not in a position to do." Thus, "we have no alternative, at present, the membership of the euro."
's argument is actually La Malfa was packed environments such as the pro-separatist ' Economist and the EU Commission's Barroso, and is the opposite of reality. L’Euro ha provocato un decennio di declino economico che ha aumentato il divario nord-sud; se cerchiamo un detonatore della spaccatura finale del paese va cercata proprio nella permanenza nell’Eurozona. La stretta deflazionistica che si preannuncia, blindata dalla riforma del Patto denunciata da Savona, non farà che esasperare il divario nord-sud e far crollare la capacità di sostenere gli squilibri nazionali.
Ironicamente, il vantaggio supremo dell’uscita dall’Euro non è affrontato nemmeno da Savona: si tratta del ripristino del credito pubblico sovrano, e quindi della capacità di finanziare investimenti su larga scala per garantire recovery.
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