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Posts tagged ‘Europe’

Italy: the political risks pile up



While global markets have focused on the longevity of the so-called Trump trade, there have been developments in the other key risk for 2017. The likelihood of a populist, anti-immigration, anti-establishment, anti-euro party coming into power in Italy just increased. Last week, the Italian…

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Italy votes “No”… but it’s not all bad



Italian voters voted “no” in yesterday’s referendum on constitutional reform, for once in line with opinion polls. By rejecting the reform bill, Italy has entered yet another round of political instability with potentially negative implications for growth and the banking sector. However, the…

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