The Wall Street Journal commented on Italy's political crisis, which is reigniting the debate over Europe’s future, including the question whether the Eurozone’s third-largest economy should remain in the currency union. According to WSJ, Italy is burdened by US$2.7 trillion in debt and a perennially sick economy. The Italian parties likely to form the government want to spend more, making things worse. We commented before that a monetary union without a financial union must fail, sooner or later. By introducing a shared currency, the membership countries lost their ability to make their citizens pay for government economic mismanagement through high inflation. No wonder some politicians are so keen to bring back the Lira and ‘solve’ the problem.