The skyline in Rome. A bitter row over the formation of the first populist government in a leading European economy has plunged Italy into political turmoil, reviving concerns that Europe’s shaky monetary union may soon face another existential crisis. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Political crisis in Italy revives fear of a euro-zone meltdown. How far will markets be spooked?

Nicholas Spiro says financial instability in Italy, with its ‘too big to be saved’ government bond market, has the potential to be systemic, and may well undermine confidence in the global economy and derail Fed and ECB plans for monetary tightening

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The skyline in Rome. A bitter row over the formation of the first populist government in a leading European economy has plunged Italy into political turmoil, reviving concerns that Europe’s shaky monetary union may soon face another existential crisis. Photo: Bloomberg
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