ROME: An Italian decision to leave the eurozone could help keep the country’s economy afloat, Claudio Borghi, a member of the Italian political party Lega Nord, told Sputnik. In an interview with Sputnik, Claudio Borghi, an economics expert affiliated with the Italian political party Lega Nord (Northern League), said that by leaving the Eurozone, Italy could boost its economy considerably.
The interview came as many politicians in Europe have voiced support for the idea of leaving the Eurozone to regain economic sovereignty, something that does not necessarily imply withdrawal from the EU. Borghi recalled that money is a tool which helps estimate the value of products sold in a certain state as compared with other countries.
That was the case with all the countries which tried to link the value of their goods to a more expensive currency, he added, referring to “the experience of Argentina”. The country sought to link its currency to the dollar and after a brief period of prosperity was hit by a financial panic. This was only resolved after the country abandon the Argentine peso’s fixed 1:1 exchange rate with the dollar, and the country is still negotiating the repayment of loans on which it defaulted at the time.
