Brexit is a reality since 23:00 GMT on 31 January 2020. Over the years, the hypothesis of Italy following Britain is gaining popularity. In particular, over the past year, following the irrational, self-inflicted and destructive covid-induced policies and lockdowns, there is revived interest in the idea.
The goal of this blog is not to provide a critique of the idea of Italexit. What we want to focus on are certain aspects that need to be considered seriously before taking the idea seriously and realistically.
It is clear that Italy is not the UK. For starters, the UK has the Pound Sterling, Italy has the Euro, and is deeply integrated into the Euro system. While it took the UK four years to complete the Brexit procedure, that alone suggest in the case of Italy it would take much longer. Let’s also forget the fact that the EU would do everything it…
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