Moody’s on Italy
– Euro exit risk remains very low but political dynamics are unpredictable
– Evidence suggests anti-euro sentiment rising in Italy
– Dissatisfaction with established political parties might translate into electoral gains for euroskeptic parties
Is the risk really ‘very low’? I mean, I find it hard to believe that all the current members of the Eurozone will still be there in 10 years. Whether that pulls apart the rest of the union is up for debate.
