Italy and the euro
Published on Monday, June 4, 2018
Italy and the euro
Summary
The trigger leading to the sharp market reaction was on the one hand the manifesto of the coalition between the Five Star Movement (M5S) and the League, which included disproportionate fiscal expansion. All Italian parties had made extravagant fiscal promises, but had not envisaged sticking to them when forming a government.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- ECB
- Crisis
- M5S
- Fiscal rules
Authors
Miguel Jiménez
BBVA Research - Lead Economist