CNBC has some interesting figures on a recent poll in Italy: Majority of Italians No Longer Trust the Euro
- 65% of those polled thought the introduction of the euro has been more damaging than beneficial for the Italian economy
- 55% percent of Italians have lost confidence in the euro single currency
- Confidence in the European Union stood at 51%, the lowest level in many years
- 31% said they would prefer a return to the lira
The last bullet point is the odd man out. Expect to see that number rise as Italy heads into a massive recession.
Mike “Mish” Shedlock
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