This is what success means in Eurozone.

Greece🇬🇷:

Euro zone hits ‘historic moment’ as it closes “successfully” eight years of financial support to Greece.

“Successfully”:

180% debt to GDP
20% unemployment
Annual Growth Rate 0.87% 1996-2018

Imagine what the EU would call “failure”.

Greece🇬🇷:

Euro zone hits 'historic moment' as it closes "successfully" eight years of financial support to Greece.

"Successfully":

180% debt to GDP
20% unemployment
Annual Growth Rate 0.87% 1996-2018

Imagine what the EU would call "failure". pic.twitter.com/diqzAZUQAG

— Daniel Lacalle Official Account (@dlacalle_IA) June 22, 2018

The political economy of eurexit.

Bottom line: the only sensible way for a country like Italy to exit the EuroZone is to do it in an "unexpected way", by decree, during a weekend.

A political party such as the Northern League does face a tricky puzzle if interested in eurexit.

— Riccardo Puglisi (@ricpuglisi) June 22, 2018

Lazard’s Pigasse Says Italy May Create European Crisis: Echos

(Bloomberg) — Italian government’s plan to raise spending and cut taxes may create major issues that could lead to a crisis and contaminate Europe, Matthieu Pigasse, chief executive officer of Lazard France

— Daniel Lacalle Official Account (@dlacalle_IA) June 22, 2018