Italy’s pawlitical crisis could impact the euro

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Brussels was yesterday blamed for Italy’s political crisis which threatened to bring down the Eurozone.
Shares and bond markets plunged after Italian President Sergio Mattarella vetoed the appointment of a Eurosceptic finance minister in a new anti-establishment coalition.
The coalition partners, populist 5-Star and far-right Lega Nord, clawed at Eurocrats claiming they were behind the move and pointed the finger at Brussels.
It came as a gauge measuring the likelihood of the debt-ridden nation leaving the Euro jumped to 11.3 per cent from 3.6 per cent in April.

 

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