The Danger That Italy’s Political Crisis Poses for the Global Economy

New York Times, May 30, 2018
by Neil Irwin

Italian political dysfunction is nothing new. Italian political dysfunction that ripples through global financial markets and has the potential to upend Europe is something the world woke up to Tuesday morning.

What are markets really signaling, and how much danger is there for the global economy? To answer, it helps to tease apart the crosscurrents between Italian politics, European institutions, financial markets and economies worldwide.

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