W3Schools

Market Extra: 4 ways the ECB is preventing an Italian rerun of the euro crisis — for now

Italy’s likely new coalition government is spooking investors with its controversial spending plans and underlying euroskepticism.

But prospects for a return of the darkest days of the eurozone sovereign debt crisis seem low, say economists at Commerzbank, and that’s thanks in large part to the actions already undertaken by the European Central Bank. But the ECB, led by former Bank of Italy chief Mario Draghi, can’t paper over the cracks in the euro indefinitely.

While the antiestablishment 5 Star Movement and far-right League disagree on many issues, both are calling for expansionary spending that would ignore the European Union’s deficit rules, setting up a confrontation with Brussels and its eurozone partners.

>>> Original Source <<<

Comentários