The euro reacted, this Monday, with a new minimum of twenty years to the right in Italy, after the victory in the general elections on Sunday of the coalition formed by the Brothers of Italy (FdI), the League and Forza Italia (FI) .
The euro fell this Monday to a low of $0.9551, but recovered again and traded at $0.9656 at 10:45 am in Lisbon.
“The European Union (EU) and the eurozone are in a difficult situation: not only is Europe suffering from a real energy crisis, but now the right wing in Italy is also registering a historic victory,” Thomas Vice President Chief Economist said. Gitzel Bank. , quoted by Efe, who adds that the verdict of the financial markets in this regard is clear.
Thus, the euro “continues to be punished” and the morning after the elections is trading below 0.97 dollars.
“The European energy crisis, the risks of recession and now a historically unprecedented right-wing alliance in Italy since World War II are burying hopes of a quick recovery of the euro,” he warned.
According to the analyst, “one of the decisive factors for the future development of the single European currency is the radical nature of this right-wing alliance in fact”.
Source: TSF
