When It Comes to Italy, NYT's Definition of Economic Logic Doesn't Fit the Data

An NYT article discussing the possibility that Italy will leave the eurozone told readers that this decision would defy economic logic. It noted the various downsides for Italy of leaving the euro and then told readers:

"As demonstrated by the Brexit vote, which numerous analyses showed would not be good for Britain’s health, economic logic does not always prevail."

It's not at all clear that "economic logic" would dictate that Italy is better off in the euro than outside it. Italy's econom...

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Published on May 29, 2018 23:33
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