Italy Referendum Campaign Launched

The Italian Northern League have, as promised, launched their ‘bring back the Lira’ referendum campaign. Whilst at this stage there is something vaguely comic in all this, remember it is a wild card which will be floating around if Italy’s economic crisis worsens.

The Italian Northern League party launched a campaign to revive the lira at an 85,000-strong rally of its supporters on Sunday (19 June) The party, which holds minister posts in Silvio Berlusoni’s government, called for a revival of the lira as a “parallel currency” to the euro, which would remain the currency of the state budget, tourism and foreign trade. Under Italian law, a referendum must be held if half a million signatures are collected.