Oh I think a second vote is likely. There are all sorts of stories about how yes voters are feeling regret, saying it was just a protest and they didn’t think it would win. Throw in the markets having a tantrum and blaming it all on those nasty racist nationalist yes voters and I see another vote as a certainty.
If not the exit is going to be a looooooooooooooong drawn out affair, if it really happens at all. The important thing is how it will spurt others to go the same route.
I have no clue how those countries can reestablish their own currencies. I think the powers that be will say in no uncertain terms, ‘we ain’t going to take you stinking lire, franks or whatever. Of course that means certain defaults on all their Euro sovereign debt at .001% or whatever the hell it is. Oh, and no new way to borrow more. Hey Italy, you haven’t begun to see austerity, yet.
Sorry, the comment form is closed at this time.