I stated illinformed Dave. Not dim. And on the issue of EU and Eurozone macroeconomics that much is generally true.
Now answer for yourself not us. Had you even heard of target 2 before I raised it? Or the ECB issuer limits and legal foundation that prevent it helping Italy, whilst making Italian banks even more rocky.
There really is a flood of money leaving Italy, most of which (and from other countries too) ends back in Germany. I never did use the N word. Does it not worry you? It is clearly unsustainable.
The history of failed currency unions really is 100 percent. I listed at least five of them in Europe alone! Not least because the fiscal constraints prevent recovery of the weak and encourage divergence. The migrations that result also hinder not encourage recovery. There really is around 50 percent youth unemployment in southern Italy, and a migration of professionals from poor to rich countries. Now you know that doesn't it concern or worry you?
However inconvenient any of that may be to remain arguments, factually it is none the less true. Even 30 percent youth unemployment is dire for the future, but that is true of several countries. After long bull periods now we are also entering recession so itcan only get worse.
Why is it the Brexit arguments get so emotive? Messengers get shot.