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@JWestland
Not disagreeing there maybe the Euro was too soon and it needs scaled back.
But the Italian banks have a lot of bad loans the Euro zone will have to bail out...So they can't leave now, leaving later after bailouts will annoy the countries that pay for it.
It's tricky. Greece cooked their books btw to make it look like they were ok. But ultimately their people didn't vote for that and they have the same issues with lack of real new government, but going easy on them risks a can of worms.
I don't know ideally the banks could just GTFO and countries would be a big credit union. But even then unpaid loans will cause annoyance.
Really tricky. I wonder if the UK tried to exert influence to improve things?