Italy`s Snap Election: Europe`s largest Risk
Quote: Former prime minister Matteo Renzi suggested on Sunday that Italy's next election be held at the same time as Germany's, saying this made sense "from a European perspective".
Germany will vote on Sept. 24. Elections are due in Italy by May 2018, but speculation is mounting that Italians could head to the polls in the autumn.
The possibility of a victory for the anti-establishment 5-Star Movement, which recent polls put neck and neck with PD at around 30 percent, has made Italy the biggest risk for the euro zone in the eyes of investors.
Source: www.investing.com/ne...ith-germany's-489331
This news article is selfexplaining - no further comment necessary.
Germany will vote on Sept. 24. Elections are due in Italy by May 2018, but speculation is mounting that Italians could head to the polls in the autumn.
The possibility of a victory for the anti-establishment 5-Star Movement, which recent polls put neck and neck with PD at around 30 percent, has made Italy the biggest risk for the euro zone in the eyes of investors.
Source: www.investing.com/ne...ith-germany's-489331
This news article is selfexplaining - no further comment necessary.
Comment:
Remark: Traders should ignore this issue until it matters.
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Bundspreads vs Italian Governmentbonds are rising since one week:
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GEOPOLITICS, ITALY: RENZI "NO SNAP ELECTION"
Quote:
“It was our duty to try, but the game’s over,” former Prime Minister Matteo Renzi told daily Corriere della Sera in an interview published Saturday. “Now we have a horizon of almost a year before the election, let’s work for Italy.” The current legislature expires in 2018.
Speculation in the last month that Italy may have been headed toward elections as early as September had driven up bond yields and pushed down stocks. Investors had said that the potential agreement on an electoral law was a negative, given that a non market-friendly party could win in the vote. The Five Star Movement has called for a referendum on Italy’s euro membership.
Source: www.bloomberg.com/po...ional-election-fades
Quote:
“It was our duty to try, but the game’s over,” former Prime Minister Matteo Renzi told daily Corriere della Sera in an interview published Saturday. “Now we have a horizon of almost a year before the election, let’s work for Italy.” The current legislature expires in 2018.
Speculation in the last month that Italy may have been headed toward elections as early as September had driven up bond yields and pushed down stocks. Investors had said that the potential agreement on an electoral law was a negative, given that a non market-friendly party could win in the vote. The Five Star Movement has called for a referendum on Italy’s euro membership.
Source: www.bloomberg.com/po...ional-election-fades