February 26, 2013

Italy Votes for Chaos and Euro Crisis Is Back

Megan Greene, Bloomberg

AP Photo

Italy’s parliamentary election could not have gone worse for the country or the euro area.

It is now possible that in the coming months the currency zone’s third-largest economy will need a bailout from international creditors, at a time when Italy will have no government in place to ask for, or negotiate, a rescue. In case you had any doubts, the euro-area crisis is back.

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TAGGED: Eurozone, Italy

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