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 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