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Matteo Salvini, Italy's deputy prime minister, could not have chosen a worse moment for both the Italian and the European economies to trigger an Italian political crisis.
Global economic policymakers and investors would be ignoring Italy's deteriorating political situation at their peril since an Italian economic crisis has the potential to have large spillover effects to the rest of the global economy.
This is especially the case considering that the highly indebted Italian economy is ten times the size of that of Greece. It is also the case considering that the European economy is already