Thursday, July 23, 2015

Better Have A Plan 'B'

And a few hundred warehouses filled with Lira. Just in case.
But his stance hardened significantly in a blogpost on Thursday in which he compared the Greek bailout negotiations to “explicit nazism”.

Grillo constructed what he called a “Plan B” for Italy, which he said needed to heed the lessons of Greece so that it was ready “when the debtors come round”.

His plan called for Italy to adopt a clear anti-euro stance and to shake off its belief that – if forced to accept tough austerity – other “peripheral” countries would come to its aid.

Put it on the table before they do. I have no opinion about whether Italy should leave the Euro, but they should plan for the moment when it could be the least bad option, which also makes leaving a credible threat.