Luigi Di Maio, leader of Italy’s Five Star Movement (M5S), speaks to journalists before the start of the joint meeting of the party’s MPs in Rome on May 30. M5S and the right-wing party The League are still trying to find an acceptable candidate for prime minister, and their mutual eurosceptism has investors fearful for the integrity of the euro zone. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

US dollar revival and Italy’s political chaos finally rouse investors to global market risks

Nicholas Spiro says excess liquidity and loose monetary policy left investors sleepwalking through risky market conditions. Italy’s threat to the euro zone and the greenback’s rally have, thankfully, alerted them to the risks

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Luigi Di Maio, leader of Italy’s Five Star Movement (M5S), speaks to journalists before the start of the joint meeting of the party’s MPs in Rome on May 30. M5S and the right-wing party The League are still trying to find an acceptable candidate for prime minister, and their mutual eurosceptism has investors fearful for the integrity of the euro zone. Photo: EPA-EFE
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