Friday

22nd Jan 2021

Northern League launch campaign to revive lira

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.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Under Italian law, a referendum must be held if half a million signatures are collected.

Many economists have branded the idea "bizarre", but not Stanford professor Ronald McKinnon.

Speaking at a European Central Bank conference in Frankfurt he said there is some credence to the view that maybe Italy should be split off and have its own currency. "Even if we know it would all go wrong", he said according to the Telegraph.

In June, Italy became the first country to face disciplinary action under the EU's adjusted stability pact because of a ballooning budget deficit.

Berlusconi attacks euro

Italian prime minister Silvio Berlusconi called the euro a "rip-off" that "screwed everybody" in a vitriolic attack on opposition leader Romano Prodi.

Vietnam jails journalist critical of EU trade deal

A journalist who had demanded the EU postpone its trade deal with Vietnam until human rights improved has been sentenced to 15 years in jail. The EU Commission says it first needs to conduct a detailed analysis before responding.

Warsaw and Budapest seek EU funds despite national veto

A senior EU diplomat said Poland and Hungary should lift their veto or give a signal they are willing to do by Tuesday - otherwise there will be alternative plans for a recovery fund with the other 25 member states.

Germany asks capitals to give a little in EU budget impasse

European Parliament negotiators are demanding €39bn in new funding for EU programmes such as Horizon research and Erasmus, in talks with the German EU presidency on the budget. Meanwhile, rule-of-law enforcement negotiations have only just begun.

News in Brief

  1. Hungary buys Russia's Sputnik V vaccine
  2. Netherlands imposes curfew to halt new corona variant
  3. Green NGO fails to stop Europe's biggest gas burner
  4. Swedish minister reminds Europe of Russia's war
  5. Spain: Jesuit order apologises for decades of sexual abuse
  6. NGOs urge Borrell to address Egypt rights 'crisis'
  7. EU conflict-area education aid favours boys
  8. EU told to avoid hydrogen in building renovations

Budget deal struck, with Hungary threat still hanging

Ultimately, the European Parliament managed to squeeze an extra €16bn in total - which will be financed with competition fines the EU Commission hands out over the next seven years, plus reallocations within the budget.

Stakeholders' Highlights

  1. UNESDAEU Code of Conduct can showcase PPPs delivering healthier more sustainable society
  2. CESIKlaus Heeger and Romain Wolff re-elected Secretary General and President of independent trade unions in Europe (CESI)
  3. Nordic Council of MinistersWomen benefit in the digitalised labour market
  4. Nordic Council of MinistersReport: The prevalence of men who use internet forums characterised by misogyny
  5. Nordic Council of MinistersJoin the Nordic climate debate on 17 November!
  6. UNESDAMaking healthier diets the easy choice

Latest News

  1. EU leaders keep open borders, despite new corona variant risk
  2. EU and Cuba appeal for Biden to open up
  3. Portugal's EU presidency marks return of corporate sponsors
  4. MEPs chide Portugal and Council in EU prosecutor dispute
  5. EU warns UK to be 'very careful' in diplomatic status row
  6. A digital euro - could it happen?
  7. US returns to climate deal and WHO, as EU 'rejoices'
  8. Big tech: From Trump's best friend to censorship machine?

Join EUobserver

Support quality EU news

Join us