Not exactly how Romano Prodi would admit that the cat was out of the bag in his native tongue, but, thanks to him, one particular issue is now well and truly out in the open. His statements on Italian inflation and the euro have, at last, drawn attention to problems highlighted by Euromoney in our cover story in April 1998.
Prodi said that if Italian inflation rose much more, the strains on the economy caused by membership of the euro would be too much to bear and that Italy might, in those circumstances, have to pull out of the eurozone.
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