CNBC has some interesting figures on a recent poll in Italy: Majority of Italians No Longer Trust the Euro

  • 65% of those polled thought the introduction of the euro has been more damaging than beneficial for the Italian economy
  • 55% percent of Italians have lost confidence in the euro single currency
  • Confidence in the European Union stood at 51%, the lowest level in many years
  • 31% said they would prefer a return to the lira

The last bullet point is the odd man out. Expect to see that number rise as Italy heads into a massive recession.

Mike “Mish” Shedlock
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