The euro has reacted this Monday with a new minimum in twenty years to the right turn in Italy after the triumph in the general elections this Sunday of the coalition formed by Brothers of Italy (FdI), Liga and Forza Italia (FI), EFE points out.
A) Yes, the euro was trading at its lowest point at $0.9551although it has recovered again and after 10:00 in the morning (08:00 GMT) it was trading at 0.9674 dollars.
“The EU and the eurozone are in a difficult situation: it is not only that Europe is experiencing a real energy crisis, but that now the right in Italy also registers a historic victory“, has pointed out the chief economist of VP Bank, Thomas Gitzel, who adds that the verdict of the financial markets in this regard is clear.
A) Yes, the euro “continues to be punished” and on the morning after the election it trades below $0.97. “The European energy crisis, the risks of recession and now an historically unprecedented alliance of the right in Italy since World War II bury hopes of a rapid recovery of the euro,” she warned.
The euro and Italy
According to the analyst “One of the decisive factors for the future development of the single European currency is how radical this right-wing alliance will actually act.”
