Via email, Eurointelligence asks Is Italy heading for debt restructuring or euro exit?

We are reporting from an important conference in Rome yesterday that has caught the Italian news headlines this morning – on the future of Italian public debt. It was organized by the Five Star Movement, held in the Italian chamber of deputies, and openly discussed issues such default mechanism inside the eurozone, sovereign debt restructuring mechanisms, parallel payment systems, and of course euro exit.

What is important about this debate is that it is now taking place in public – you can't be more public than inside the parliament. Italians, not only the Five Star Movement, are openly talking about these issues.