Italy is BIGGEST threat to the EU right now: Analyst in terrifying warning for Brussels
AN ANALYST has described Italy wanting to leave the Euro as the biggest current risk to the European Union.
By DARREN HUNT
Express.co.uk
Fri, May 19, 2017
Nandini Ramakrishnan, global market analyst at JPMorgan Asset Management, warned that Italy is the biggest current threat to the eurozone.
Speaking to CNBC, the analyst admitted that results in the Dutch and French Elections had led to the “less-risky” result.
She said: “As we’ve gone through the year, the Dutch (and) the French elections have gone in what we’d call the less-risky or more market-friendly result.
“And actually all of that is based on euroscepticism and Macron, as a victor, is not posing the most Eurosceptic risk in France.”
Ms Ramakrishnan then admitted that Italy posed the biggest current risk for the bloc, as Euroscepticism remains strong.
She added: “In Italy though, the reason it remains the highest on our European severe risk is because if you poll the populists, so looking at survey data, asking just the man and woman on the street, there is the least amount of support for the euro, as the eurozone in Italy.
“There are a couple of steps before a referendum could be called in Italy, it is not currently legal in the constitutional system.
“If there was a referendum called, you have got all those people voting to leave the euro.
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