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    My personal opinion is that the Italians will not ask for an international bail-out. I could see them eventually leaving the euro so as to have monetary independence, probably with a new Lira that initially is equal in value to the Euro but then gradually loses some value on the international exchange rate.

    It would be the only feasible way to get their finances in order and invest more local money in local economy. But as for a bail-out where other countries have to pay in money, I do not see this as part of their mentality. They have a certain sense of national dignity.

    As for the South of Italy, there is a strong sense of social justice to stop corruption, to work, maintain their culture, and not be dependent on other people injecting money to help them out. Somehow I can forsee that Italy will not opt for an EU bail-out.

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