Italian Minister Calls for Lira's Return
Italy's labor minister called for a referendum to see if Italians want to temporarily bring back the lira after widespread popular discontent over high prices that many blame on the introduction of the euro. The idea was promptly dismissed Friday by both the European Commission and leaders of Italy's governing coalition, and currency markets shrugged off the news. "The euro is here to stay," retorted EU Commission spokeswoman Amelia Torres in Brussels.
Posted by: Fred 2005-06-03 |