Could Italy Bring Down the Euro?

Could Italy Bring Down the Euro?:

• A move by Italy — the third-largest economy in the eurozone — to abandon the euro could strike a potentially fatal blow to the currency and to the bloc itself.
• Meanwhile, at more than 130% of GDP, Italy has one of the biggest public debt burdens in Europe, second only to Greece.
• "A perfect storm of slow or zero Italian economic growth, low interest rates and politically connected, often corrupt, lending have combined to create a situation where the Italian financial system is in need of a large rescue." — Mihir Kapadia, Sun Global Investments.
• M5S blames the euro for Italy's woes, and many Italians agree.

...Mihir Kapadia of Sun Global Investments explains:

"A perfect storm of slow or zero Italian economic growth, low interest rates and politically connected, often corrupt, lending have combined to create a situation where the Italian financial system is in need of a large rescue."

M5S blames the euro for Italy's woes, and many Italians agree. 
Faced with a financial crisis of potentially epic proportions, the October vote could backfire on Renzi and turn into a referendum on the Italian government itself — and even on the euro.

Writing in the Financial Times, columnist Wolfgang Münchau, cautioned:

"The political dynamic in Italy is not much different from the one in the UK. The electorate is in an insurrectionary mood. The country has had virtually no productivity growth since it joined the euro in 1999. The Italian political establishment has until recently been as dismissive of its chances of losing the referendum as the British establishment was until [Brexit on June 23]. They are still dismissive of the chances of a Five Star victory — and will be until the moment it happens."