Martedì, 18 Settembre 2018
ROME

Monti says prices would be even higher with lira

English
© ANSA

(ANSA) - Rome, September 13 - Prices in Italy would be even
higher than they are at the moment if Italy had not dropped the
lira and adopted the euro, Premier Mario Monti said on Thursday.
Many Italian people blame the introduction of the euro for
sharp increases in the prices of many items since its launch in
2002 and skepticism about the benefits of the single currency
has increased recently with the euro zone debt crisis and the
recession.
But former European commissioner Monti believes things
would be even worse if Italy had stuck with the lira.
"If we hadn't passed over to the euro, the prices of goods
and services in Italy would be much higher than they are," the
premier said at a conference in the capital at the Roma Tre
university.
Tax increases introduced by Monti's emergency government
have helped push up prices, but he said they were necessary.
"To avoid financial collapse, Italy has adopted measures
that are leading to high prices for the public and companies,"
said Monti.

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