Italian Election is a Threat to Stability

March’s general election in Italy poses a threat to stability at a time when the economy is performing well, according to the country’s economic development minister.Carlo Calenda told CNBC on Monday that the prospect of a hung parliament following the March 4 election, when it is expected that no one party will gain an absolute majority allowing it to govern alone, was a risk.”It’s a threat and it’s clear that once we have a system that is based on three pillars (political parties) that this is very difficult to find a majority,” he said. “Although, I have to say that there is a government today that is in place, that has the trust of the Italian citizen, and I think that this is a positive backstop.”

Source: Italy’s election is a ‘threat’ to stability – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.