Venice will vote weather or not to become an independent and sovereign republic as it once was.
From March 16th to 21st.
Google Translate
Google Translate
I don't know if it happens but several economic outcomes that are very interesting if it does.
First it would most likely be outside the EU but most likely Euros would be the monetary unit.
However they could bring back the Venetian Lira. It is theoretically possible that they could adopt that currency by simply equating it to the euro and transferring purchasing power into the currency making it viable.
There would be many disadvantages on leaving and many advantages. Even if they get their proportion of Italian debt their overhead could be significantly lower simply because they wouldn't have to pay for at least two more levels of bureaucracy (EU and Federal) since State would become Federal and locales would be as they are.
yes I found eventually that it is a 'consultative' referendum
Italy's Northern League wants Venice autonomy - The Local
The reality is they could get autonomy and eventually go for full sovereignty.
But wouldn't it be interesting if the Venetian Republic existed again?
There are very interesting reasons why Italy would find it advantageous. Venice could provide and "out" of the Euro via the Venetian Lira in some sense. It would provide impetus for deep reform both tax-wise and structure wise, perhaps something closer to Swiss or even confederation style. Corruption could be easier to root out with less levels of gov't and more direct local control it would seem. Etc.
found this interesting
From March 16th to 21st.
The question that will be put to all citizens of the Veneto residents with voting rights will be as follows: "DO YOU WANT TO BECOME A VENETO THE FEDERAL REPUBLIC OF INDEPENDENT AND SOVEREIGN?".
Every citizen can vote with a Yes or a No.
Every citizen can vote with a Yes or a No.
Google Translate
For this reason, it now stands in front of the Venetian us an extraordinary opportunity, a train that must be seized before they start again from the station's history. 2014 is the new 1848 which will create a new Europe, starting from the Veneto region and will include other regions who are going to stand up in front of the other states of the world: Catalonia, Scotland, Flanders and we all hope even Sardinia, Sicily , England and all other regions of the peninsula that once free from the shackles of less free among the states of the Western world will be able to give life to a new renaissance economic, cultural and civic life.
First it would most likely be outside the EU but most likely Euros would be the monetary unit.
However they could bring back the Venetian Lira. It is theoretically possible that they could adopt that currency by simply equating it to the euro and transferring purchasing power into the currency making it viable.
There would be many disadvantages on leaving and many advantages. Even if they get their proportion of Italian debt their overhead could be significantly lower simply because they wouldn't have to pay for at least two more levels of bureaucracy (EU and Federal) since State would become Federal and locales would be as they are.
yes I found eventually that it is a 'consultative' referendum
Italy's Northern League wants Venice autonomy - The Local
The reality is they could get autonomy and eventually go for full sovereignty.
But wouldn't it be interesting if the Venetian Republic existed again?
There are very interesting reasons why Italy would find it advantageous. Venice could provide and "out" of the Euro via the Venetian Lira in some sense. It would provide impetus for deep reform both tax-wise and structure wise, perhaps something closer to Swiss or even confederation style. Corruption could be easier to root out with less levels of gov't and more direct local control it would seem. Etc.
found this interesting
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