An actor wearing a mask depicting former Italian premier Silvio Berlusconi performs alongside three billboards in front of the colliseum in Rome after Italy’s election day in March. The billboards were in response to the right-wing coalition not winning a clear majority. Photo: AP/ Avaaz An actor wearing a mask depicting former Italian premier Silvio Berlusconi performs alongside three billboards in front of the colliseum in Rome after Italy’s election day in March. The billboards were in response to the right-wing coalition not winning a clear majority. Photo: AP/ Avaaz
An actor wearing a mask depicting former Italian premier Silvio Berlusconi performs alongside three billboards in front of the colliseum in Rome after Italy’s election day in March. The billboards were in response to the right-wing coalition not winning a clear majority. Photo: AP/ Avaaz
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Italy is too big to fail, too big to bail, but euro currency investors aren’t listening

Neal Kimberley says although Italy’s Eurosceptic coalition has been stalled for now, instability remains a huge risk for the euro zone

An actor wearing a mask depicting former Italian premier Silvio Berlusconi performs alongside three billboards in front of the colliseum in Rome after Italy’s election day in March. The billboards were in response to the right-wing coalition not winning a clear majority. Photo: AP/ Avaaz An actor wearing a mask depicting former Italian premier Silvio Berlusconi performs alongside three billboards in front of the colliseum in Rome after Italy’s election day in March. The billboards were in response to the right-wing coalition not winning a clear majority. Photo: AP/ Avaaz
An actor wearing a mask depicting former Italian premier Silvio Berlusconi performs alongside three billboards in front of the colliseum in Rome after Italy’s election day in March. The billboards were in response to the right-wing coalition not winning a clear majority. Photo: AP/ Avaaz
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.