Just as you thought the crisis mode in Europe was over and markets seem to be enjoying confidence and stability, along comes another curve ball, served up by Italian politicians.
Center-right leader Silvio Berlusconi pulled his ministers out of the cabinet on Saturday, effectively bringing down the government of Prime Minister Enrico Letta and leaving the euro zone’s third-largest economy in chaos.
According to Nicholas Spiro, managing director of Spiro Sovereign Strategy, while markets have grown accustomed to “Italy’s dysfunctional politics,” there’s a sense that things are now spinning out of control, with potentially dangerous consequences for both Italy and the euro zone.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015