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Free AccessFabio Fois at Barclays notes that many........>
ITALY: Fabio Fois at Barclays notes that many Italian newspapers are now
reporting that there will be an election on 4 March. This is just 112 days from
today.
- Fois believes that it is significant that the newspaper reports suggesting
that PM Gentiloni will remain Prime Minister and will not resign ahead of
Parliamentary dissolution is significant, for two reasons:
- Firstly, the polling hints at a complex post-election scenario, "This should
help contain, at least in the very near term, concerns over the risk of a sudden
political stability cliff straight after elections"
- Secondly, "if confirmed, the support of President Mattarella to the potential
decision of PM Gentiloni of remaining in office would signal that the President
will likely play a critical role in Italian politics going forward"
- Barclays' baseline is that the election will deliver a very wide and
heterogeneous coalition, which will require a active President that may need to
name a temporary PM.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.