Italy Increasingly Likely To Abandon The Euro
by Mike Shedlock via MishTalk.com,
ZeroHedge.com
Feb 5, 2017
In analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country.
The only missing ingredient is an early election. And early elections are now the odds-on favorite.
Let’s back up a bit to fill in the pieces as to how things got to this point.
Former prime minister Matteo Renzi stepped down in December after holding a referendum that failed miserably. See Renzi Resigns Following Crushing Referendum Defeat: Beppe Grillo, Marine le Pen, Matteo Salvina Tweets
Italy’s president, Sergio Mattarella, appointed Paolo Gentiloni as the new prime minister after Renzi resigned. See Meet Paolo Gentiloni, 4th Consecutive Italian Technocrat Appointed Prime Minister: Renzi Not Vanquished Yet
The president said he would not hold new elections until differences between how the lower house of parliament assigned seats.
Point number three has been resolved. Both houses of Parliament are back on a proportional system.
New Elections
The Rest…HERE
