Italexit? Perhaps… But Both Italy and the Euro Are Unmanageable

After Brexit, after Donald Trump, Italy is next in resisting a less and less dominant “single thought”. The only thing missing is the surprise effect because polls, this time, were accurate, but the foreign media is assessing this event by largely using the term “Italexit”. The right-wing coalition of Matteo Salvini’s Lega and Silvio Berlusconi’s Forza Italia obtained 37% of the votes, followed by the 5 Stars movement, created by the comic Beppe Grillo, but led by young Luigi Di Maio, with 32.6%. The left-center-wing coalition of incumbent President Matteo Renzi gets third place, with 22.8%. Since the two coalitions that won are euro-sceptic, very critical of the euro and against immigration, this means that 70% of Italians are dissatisfied with Rome and Brussels policies. This tells a lot. But hey, this is Italy, so we can expect the instability in government to last despite this very clear vote. This is because electoral law gives the majority to the coalition obtainin...

from GoldBroker.com https://www.goldbroker.com/news/italexit-perhaps-but-both-italy-and-the-euro-are-unmanageable-1272