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Tuesday, May 22, 2018

Economists see potential nightmare in new Italian government

MILAN (AP) — The prospect of a populist government in Italy, the eurozone's third-largest economy, has spooked European partners and investors who fear its euroskeptic, budget-busting program could shake the region's cohesion and undermine its growth. Rival populist forces — the anti-establishment 5-Star Movement and right-wing League — squeezed their often competing agendas into a government program that suggests a spending spree that would add to Italy's debt load, already Europe's heaviest after Greece, with little detail on financing.


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