Italy Ups The Risk And Resurrects Some Ghosts
The alliance between two parties with extreme ideologies which are poles apart has created an unorthodox programme for government in Italy, which could heighten financial instability in the EMU.
The alliance between two parties with extreme ideologies which are poles apart has created an unorthodox programme for government in Italy, which could heighten financial instability in the EMU.
Italy’s new coalition government seems to be paving the way for the country to abandon the common currency. Fortunately there are still many voices to be heard: European partners who are not willing to see their 4th biggest member leave, EU treaties, financial markets and Italy’s president.