Italy most likely country to leave the euro
Since joining the euro in 1999, its economy has grown just 4.6%, due to structural problems
Add BT as a preferred source
Washington
WHAT do you call a country that has grown 4.6 per cent - in total - since it joined the euro 16 years ago? Well, probably the one most likely to leave the common currency. Or Italy, for short.
It's hard to say what went wrong with Italy, because nothing ever went right. It grew 4 per cent its first year or so in the euro, but almost not at all in the 15 years since. Now, that's not to say that it's been flat the whole time; it hasn't. It got as much as 14 per cent bigger as it was when it joined the euro, before the 2008 recession and 2011 double- dip erased most of that progress.
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
