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Berlusconi says lira return 'inevitable'

Berlusconi says lira return 'inevitable'

Centre-right leader says EU rules 'aggravate' Italy

Rome, 25 May 2015, 16:13

Redazione ANSA

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-     ALL RIGHTS RESERVED
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An Italian rejection of the euro and a return to the national currency, the lire, is "inevitable" if the European Union does not stop imposing irritating rules, ex-premier Silvio Berlusconi said Monday.
    Berlusconi, who heads the centre-right Forza Italia (FI) made the comment during an interview with the Giornale di Umbria newspaper.
    He has been campaigning for FI candidates in regional elections in several parts of Italy, including Umbria, and calling for a new, united centre-right political movement.
    Berlusconi, who has previously denounced the common currency, suggested the price of belong to the eurozone is becoming too high.
    "The return to the lira is inevitable, whether we like it or not, if Europe will continue to act as it has done in recent years, setting rules and behaviors that have aggravated the situation of countries like Italy," said Berlusconi.
    "The euro is the right idea, born and managed in the wrong way," said Berlusconi.
    Other Italian leaders have complained that EU budget rules have been too rigid and centre-left Premier Matteo Renzi has lobbied hard for extra elasticity in the application of budget rules for countries such as Italy that were hit very hard by economic crisis.
    The EU has given Italy extra flexibility in meeting eurozone budget targets because of Renzi's work in economic and structural reforms.
   

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