a move that will spark fears across the EU of an “Italexit”,
three of the country’s political parties are backing the
introduction of “Fiscal Credit Certificates” as an alternative to
complex plan has the approval of the European Central Bank.
the parties backing it is Silvio Berlosconi’s Forza Italia, which
has enjoyed an astonishing comeback in the polls.
revelation comes as Martin Schulz, the leader of Germany’s Social
Democratic party who is tipped to become Chancellor Angela Merkel’s
deputy, last week called for the creation of a United States of
Europe by 2025.
Berlusconi supports an alternative currency. The
certificates, known as CCFs, give workers and businesses tax breaks
to boost income and productivity.
not legal tender, everybody can use them to pay taxes, buy government
services or exchange them for goods or euros.
to a report by global analyst GEFIRA, “It is highly likely that
commercial operators, such as shops, will accept CCFs as an
alternative to the euro.
can be used as a parallel currency.”
MEP Diane James said: “If Italy does manage to leave the single
currency, it is only a matter of time until it formally leaves the EU
and the whole house of cards comes crashing down.” And Brexit...