Italy’s problem is Europe’s problem

Italy’s problem is Europe’s problem View Gallery
The Italian and EU flags fly at the Quirinale Palace in Rome: Italy’s euro crisis is easing, but not going away any time soon Picture: Bloomberg

The Italian political crisis eased last week, but the threat to the eurozone from Italy’s debt mountain is very real

The last fortnight has been a real rollercoaster for the European markets and politics. Only two weeks ago, I wrote about the problems of rising political populism in Italy and Spain as the signals of a broader trend across the block’s member states. Last week, in Spain, the no confidence motion in Mariano Rajoy’s government played as a sideshow to Rome’s drama.

The timeline of events in Italy provides the background to...

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