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Euro Zone Could Take Major Hit in Italian Election

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Nationalist coalition wants to leave EU currency

Reuters
May 28, 2018

The euro looked to have dodged a bullet when Italy’s would-be eurosceptic coalition government collapsed at the weekend, but it may turn out to have been the opening salvo in a war over Europe’s single currency.

On Sunday, Italy’s president rejected the nomination of a eurosceptic, Paolo Savona, for the economics ministry by the far-right League and anti-establishment 5-Star Movement because Savona had previously said Italy should leave the euro zone.

But now the two parties, who were rivals in the March vote, are weighing whether to join forces ahead of a fresh election seen in the autumn or early next year.

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This article was posted: Monday, May 28, 2018 at 1:24 pm





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