Italy forced out of the Euro

Market News reports that the UK newspaper The Telegraph says Italy is sliding into a deep structural crisis and risks being forced out of Europe's monetary union as the region's economic downturn gathers pace, citing a new report by Capital Economics.

We say the idea of a country leaving the EMU, whether Italy, Spain or Ireland, is dumb and it ain’t going to happen, but that doesn’t mean a mile of newsprint won’t get wasted on it.

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