> What strikes me is that the launch of the euro is not imperilled
> by this Italian question. Europe is expecting the benefits of
> becoming a major world currency.
I thought I heard something about lira-denominated Eurobonds; that is, the interest rates will differ for a while until full alignment occurs.
But then yes, Italy will be able to drag the Euro down in the same way that Arkansas drags down the rest of the US ...
/jordan