HSBC Pans Idea Of Parallel Italian Currency As Youth Unemployment Near 40%

What would a parallel currency look like in Italy? Would it be like Norway and Denmark etc? Or would it be a bad idea?

When former Italian Prime Minister and current candidate Silvio Berlusconi told the Italian publication Libero Quotidiano on August 19 he would like to see a dual Italian / euro currency, it caused “some market concern,” an HSBC report noted. The concept has met with mixed reviews. MarketWatch London Eye Columnist Matthew Lynn said “Italy’s economy could soar,” while bank analysts such as HSBC’s European Economist Fabio Balboni pours cold water on this notion. In an August 23 report, he explains why the concept wouldn’t work and is likely more a populist political gesture...