ROME: Antonio Fazio, the disgraced former governor of the Bank of Italy, warned half-jokingly in 1998 that the euro would not be paradise but a "purgatory" that would demand years of pain and sacrifice.
Currently appealing a conviction for improperly trying to influence a bank takeover in 2005, Fazio is not much listened to these days, but his words have turned out to be frighteningly prophetic for Italy.
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