There’s a multitude of ways the Italian political situation can get resolved — and European stocks hang in the balance

August 21
21:04 2019

As Italian politics seemingly sets the direction for European stocks, analysts say there’s a multiple ways the tenuous political situation can be resolved. Italy’s FTSE MIB (IT:I945) up about 12% for the year, rallied 2.02% to 20902.76 as the nation waits for President Sergio Mattarella to decide whether to hold fresh elections after the resignation of Prime Minister Giuseppe Conte on Tuesday. Possibilities included a snap election, a coalition between the 5 Star Movement and the Democratic Party, or a reconciliation between the 5 Star Movement and the League.

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