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Forex Flash: Italian politics still locked in stalemate - Societe Generale
FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that for all the recent European drama, Italian politics are still locked in stalemate.
He comments that President Napolitano appears to be still trying to get Bersani and Berlusconi to keep talking in the hopes that it will eventually result in a coalition government. However, the 5-Star Movement has made it very clear that it wants no part in a new government. He writes, “Our worries about Italian economic policymaking, or the lack thereof, feed into our broader worries of another Eurozone shockwave in coming months.”
