Turkish local elections have produced a political earthquake for President Recep Tayyip Erdogan and his Islamist coalition.
Another Project Fear is well under way in Europe, says Matthew Lynn. But Italy’s new government has some good ideas.
When Britain voted to leave the EU, almost nobody was talking about the customs union. Today it’s at the centre of the Brexit battleground. Simon Wilson reports.
Before it adopted the euro in 1999, Italy could inflate its way out of trouble by cutting interest rates, devaluing the lira or increasing government spending. Those are no longer options under the single currency.
That Giuseppe Conti is almost certain to be the next prime minister of Italy is not too surprising after all, says Matthew Partridge.
The new populist government is on a collision course with the EU, says Emily Hohler.
Turkey’s currency is collapsing. Money is flooding out of the country. Investors have lost all confidence. It’s a prime example of just how important good governance is, says John Stepek.
The election of two populist parties, the Northern League and the 5-Star Movement, could shake things up in Italy and beyond.
Italy is to be governed by a coalition of radical populist parties. But so far, markets have taken it in their stride. John Stepek looks at how long that can last.
Central bankers have huge influence on the markets. But their lack of conviction is leaving investors unsure about what to expect, says John Stepek.
Turkish stocks have lost 20% this year and the Turkish lira has slipped by more than 10% against the US dollar.