Quote Originally Posted by Muddy Retriever View Post
stuck Italy in a deflationary trap.
Now you are getting desperate, the Lire was such a becon of stability before the Euro.
Historical Chart of British Pound to Italian Lire: Year 1975 - 2001
https://www.poundsterlinglive.com/ba...gbp/GBP-to-ITL

I think the Italian problems are a lot closer to home.