- Growing political turmoil in Italy pushed global markets lower yesterday.
- Two populist parties (Five Star, The League) who won large vote shares in Italy’s recent elections (March 2018) have been unable to form a coalition.
- ‘Eurosceptic’: Lacking a permanent government (parties unable to combine to form majority), many fear that eventual leadership (may call early election) potentially hostile towards reform efforts could promote EU exit.
- Yesterday, Italy’s borrowing costs hit the highest levels since the 2012 Euro crisis (Italian banks rely on EU support).
Italy government: Leaders talk amid political crisis
(05/30/2018)