Renzi Up For the Fight

Former Italian prime minister Matteo Renzi resigned as head of the ruling Democratic Party (PD) on Sunday, opening the way for a leadership fight in which he will take on rivals threatening to split the center-left.

Battling for his political life, Renzi made clear he would seek re-election and warned that the PD’s internal feuding was proving a gift to its main opponent in parliament, the anti-establishment 5-Star Movement.

A decade after its foundation, the PD is on the cusp of a schism that risks bringing yet more political instability to the euro zone’s third-largest economy, which has been mauled by years of recession, high unemployment and towering debt.

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam