What Next For Italian Politics?

Investors will soon find out more details on what the next Italian government will look like, with lawmakers still trudging through the arduous task of forming a coalition after inconclusive elections.The big surprise of the March 4 vote was that Five Star Movement (M5S) and Lega, both parties known for anti-establishment and euroskeptic stances, managed to obtain around 50 percent of the popular vote. But crucially, neither one of those parties obtained a ruling majority.The government formation process from here will therefore be marked by horse-trading and backdoor discussions. Somewhat ironically, the incumbent Democratic Party (PD) led by (the now outgoing leader) Matteo Renzi, has become the kingmaker to the formation of the next government.

Source: Italy elections: Here’s what the next government could look like – 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.