Update on Exit Euro

Just before the weekend Sebastian Dullien from Eurozone Watch (see blogroll) wrote about the possibility of exiting the Euro taking Italy as an example. See my response for all the initial links. As it were this discussion created quite a stir in the blogosphere with Felix Salmon from Economonitor as well as Edward Hugh from AFOE doing backlink posts with lively and sometimes harsh commentary sections to follow. Sebastian Dullien even wrote a second post to pick up the threads. Meanwhile another sharp occasional commenter on the Eurozone Pantom from Golden Age also joins in reminding us of an old piece by Morgan Stanley's Joaquim Fels about the same issue.