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Three political scenarios for Italy with FX and rates implications
Italy is facing another political crisis after the leader of the country's Lega's party, Matteo Salvini, told the prime minister and the Five Star Movement coalition partner that he wants fresh elections and that the government is now technically dead. It comes after Five Star failed to block the construction of a high-speed train link between Lyon and Turin, something strongly supported by Salvini. Polls suggest that Lega could be close to winning the 40% of votes needed to govern either alone or through a coalition, probably with the ultra-conservative Brothers of Italy (currently at 7%). This crisis comes at a ... (full story)