The Euro may survive Grexit but Italy is another matter. The current woes of an indebted nation with raising unemployment may make 2015 a crucial year for Italy. A recent survey shows that Italians account for eight per cent of all London property sales overtaking the Russians. Will 2015 see this percentage increase as investors move into what they consider as safe havens. Time will tell.
Italian Prime Minster Matteo Renzi, the youngest leader in Europe, faces a national economic morass that, if not decisively addressed in the coming months, could bring down the entire 17-nation eurozone. Indeed, if he does not tackle the staggering national debt and woeful unemployment numbers, Italians this time next year could find themselves back using the lire – and the Germans marks, French francs, Spanish pesetas and Dutch guilders too.