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The Next Italian Election Could Turn Into Eurozone Referendum

Commenting on how the next Italian election could turn into a referendum on membership of the euro, Chris Payne, Managing Director at GWM Investment Management, said: “ We are seeing a European-wide sell-off and financials, in particular, have been under pressure on concerns that the next Italian election could turn into a referendum on membership of the Euro. Even a weaker Euro and Pound have failed to provide some price stability, as is often the case, and the consensus appears to be that Cottarelli will struggle to gather support to pass a budget, resulting in snap-elections when both anti-establishment parties could...