The Guardian: Italy at risk of new financial crisis in wake of coalition's collapse
Investors and EU politicians alarmed at strengthening mood against euro
Italy risks careening into a new financial crisis after the Bank of Italy warned that the country’s leaders could not “disregard” financial constraints and its commitments to Brussels.
Escalating worries that Italians may be poised to take a tougher stand against the euro prompted a round of accusations and finger-pointing among top EU officials, including a rare admonishment by Donald Tusk, the European council president, that EU institutions needed to show “respect to voters” in Italy.
“We are there to serve them, not to lecture them,” Tusk said.
He made the remarks after the German budget commissioner, Günther Oettinger, suggested that the collapsing markets in Italy would show Italian voters the dangers of voting for populists in the next election.
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WNU Editor: I can understand why the Italians are upset. When you have EU officials talking like this .... Italians Furious After EU's Oettinger Says "Markets Will Teach Them" Not To Vote For Populists (Zero Hedge), you are alienating a huge segment of the public. And while the EU has distanced themselves from this official .... EU chides budget commissioner Oettinger over Italy remarks (DW), they are not exactly telling him to leave.
More News On Italy's Political Crisis
Financial turmoil engulfs Italy amid political uncertainty -- AP
Italy political crisis hits European stock markets -- BBC
Fury at Italian president's 'appalling' betrayal as he ignores impeachment calls and puts a Europhile in power after rejecting the populist parties' choice for finance minister -- Daily Mail
Italy may return to polls in July, sources say, amid market rout -- Reuters
Political chaos in Italy a potential boon for Euroskeptic parties -- Eric Reguly, Globe and Mail
Why is Italy facing a new political crisis? -- Stephanie Kirchgaessner, The Guardian
