The Upcoming
  • Culture
    • Art
    • Cinema
      • Movie reviews
      • Film festivals
    • Food & Drinks
      • News & Features
      • Restaurant & bar reviews
      • Interviews & Recipes
    • Literature
    • Music
      • Live music
    • Theatre
    • Shows & On demand
  • Fashion & Lifestyle
    • Accessories
    • Beauty
    • News & Features
    • Shopping & Trends
    • Tips & How-tos
    • Fashion weeks
  • What’s On
    • Art exhibitions
    • Theatre shows
  • Tickets
  • Join us
    • Editorial unit
    • Our writers
    • Join the team
    • Join the mailing list
    • Support us
    • Contact us
  • Interviews
  • Competitions
  • Special events
    • Film festivals
      • Berlin
      • Tribeca
      • Sundance London
      • Cannes
      • Locarno
      • Venice
      • London
      • Toronto
    • Fashion weeks
      • London Fashion Week
      • New York Fashion Week
      • Milan Fashion Week
      • Paris Fashion Week
      • Haute Couture
      • London Fashion Week Men’s
  • Facebook

  • Twitter

  • Instagram

  • YouTube

  • RSS

Current affairs

Grillo warns that Italy may leave the euro

Grillo warns that Italy may leave the euro
3 March 2013
Daniel Cotter
Avatar
Daniel Cotter
3 March 2013

Italian politician, comedian and blogger Beppe Grillo has announced  that the country may leave the European currency.

In an interview with German magazine Focus, Mr Grillo said that the country will have to renegotiate its government debt which currently stands at over 120% of the country’s GDP.

The Telegraph reported yesterday that Mr Grillo told the magazine: “Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative”.

Mr Grillo, the leader of the Five Star Movement, won 109 seats in congress and 54 seats in the senate in the country’s general election.

He has refused to form a coalition with one of the major parties lead by Pier Luigi Bersani and Silvio Berlusconi, with talks to form a new government set to begin on the 10th March, when the election results will be officially confirmed.

This will give the politicians until the 15th March before President Giorgio Napolitano will hold formal talks to form a new government.

The hung parliament has had an effect on the financial markets which saw the Italian stock market index fall by 1.54% at close of business on Friday. 

Daniel Cotter

Related Items

More in Current Affairs

Changes to expect during menopause

The editorial unit
Read More

Nek brings Italian pop rock to the Shepherd’s Bush Empire

The editorial unit
Read More

Why Equity Linked Savings Schemes is a preferred tax saving?

The editorial unit
Read More

How the world’s top designers would rebrand political parties

The editorial unit
Read More

Royal baby furore: Proof that the British monarchy is still popular?

Eoin O’Sullivan-Harris
Read More

World Mental Health Day 2018: Raising awareness and combating stigma

The editorial unit
Read More

Seven political personalities you should know about

The editorial unit
Read More

Donald Trump: An enemy of the arts?

The editorial unit
Read More

Trump’s fortune: Where did the money come from?

The editorial unit
Read More
Scroll for more
Tap
  • Popular

  • Latest

  • TOP PICKS

  • We Still Fax at ANTS Theatre Online
    ★★★★★
    Theatre
  • Live Lab at The Yard Theatre: An interview with associate director Cheryl Gallagher
    Theatre
  • Arlo Parks – Collapsed in Sunbeams
    ★★★★★
    Album review
  • The Capote Tapes
    ★★★★★
    Cinema
  • The Dig
    ★★★★★
    Cinema
  • Crobar: Music When the Lights Go Out
    ★★★★★
    Cinema
  • Green stars, two female chefs at the top and a controversially quick award: This is 2021 UK Michelin Guide during the pandemic
    Food & Drinks
  • Assassins: Exclusive new clip
    Cinema
  • Identifying Features
    ★★★★★
    Uncategorised
  • Schemers
    ★★★★★
    Cinema
  • Green stars, two female chefs at the top and a controversially quick award: This is 2021 UK Michelin Guide during the pandemic
    Food & Drinks
  • Identifying Features
    ★★★★★
    Uncategorised
  • Arlo Parks – Collapsed in Sunbeams
    ★★★★★
    Album review
  • Identifying Features
    ★★★★★
    Cinema
  • We Still Fax at ANTS Theatre Online
    ★★★★★
    Theatre
The Upcoming
Pages
  • Contact us
  • Join mailing list
  • Join us
  • Our London food map
  • Our writers
  • Support us
  • What, when, why

Copyright © 2011-2020 FL Media

The “Carney” effect
EU cap on bankers’ pay could threaten City workers‏