FXStreet (Guatemala) – Analysts at Brown Brothers Harriman noted that Italy holds regional and local elections this weekend.
Key Quotes:
“There is a specter haunting Europe. It is a specter that reject the status quo. “
“Italy holds its local elections this weekend in seven regions and more than a thousand municipalities.”
“Grillo’s 5-Star Movement may draw some inspiration from the Spanish results.”
“There is a vacuum created by the long-anticipated waning of Berlusconi, the last elected Prime Minister.”
“Seven of Italy’s 20 regions hold elections.”
“The polls suggest that the PD will likely win four. Three would be disappointing. Support for the PD is expected to slip toward 35% from a little more than 40% in last year’s EU Parliamentary elections. “
“There are two regional elections that are drawing attention. The first is Liguria. The second region is Campania”
“Renzi is pinning his hopes on two other factors: The economy and appointments.”
“The Italian government continues to have stakes in large Italian companies. The Prime Minister appoints the government’s representatives. These are much sought after positions and some link Renzi’s move last year against Letta as partly driven by the timing of these appointments. Renzi has already made some appointments and more are expected to be forthcoming by the end of next month.”
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