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F. Passacantando: Italexit, Debt Cancellation and Parallel Moneys: The fatal attraction for the Argentine solution

image-09/26/2017 - 12:25This study aims to show the extraordinary complexity of an exit from the euro by Italy through a comparison with Argentina in the nineties when they adopted a currency convertibility with the dollar. After abandoning that regime in 2002 and having defaulted on their debt, Argentina began to grow at high rates within a few years. According to some, this Argentine experience shows that leaving the euro and restructuring the debt could "revive" Italy. However, Professor Passacantando argues this conclusion is profoundly wrong.

View the published report, in either Italian or English, by downloading it below. 

English Version.pdf522.55 KB
Italian Version.pdf778.89 KB