IITSF - Italy: Giving A Boot To The Boot Country
Background
Italy’s (EWI) economy is the third largest in the European Union ("EU"). The current government was formed on June 1st (preceded by three months of negotiations) between the anti-establishment Five Star Movement ("M5S") and the right-wing (Northern) League.
With two right-wing, anti-EU, parties, at the helm, the Italian government (following promises to increase public spending) is currently working on next year's budget. Its financial plan will not only be scrutinized closely by European authorities but also, and more importantly, by the capital markets.
We already covered the situation in Italy a couple