Market Overview

All EURO Roads Lead To Rome


Euro-political instability never went away, it just lay dormant. Italy has managed to deliver to global capital markets a recipe for successful 'political gridlock.' A country considered as one of the strongest amongst the Euro peripheries has managed to deal a heavy blow to recent efforts to calm the Euro-periphery debt crisis. Its people have voted against austerity and reform and may be in the process of voting against the 17-member single currency unity while they are at it.

The Italian general election has yielded an inconclusive outcome, with Bersani's PD winning the Lower Chamber by a slim margin and no clear majority in the Senate. Over the coming days Bersani will meet with Berlusconi's PDL and Grillo's M5S, to discuss post-election scenarios. Not unlike mainstream politics, in countries under the austerity hammer, has convinced Italian voters to reject policies pursued by sitting Prime Minister Monti.

A long recession has convinced the Italian people...

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Forex Global Economics Markets


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