How to defuse the threat that Matteo Salvini poses to the euro

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How to defuse the threat that Matteo Salvini poses to the euro
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Italy has consistently lagged behind the rest of Europe since the euro was introduced 20 years ago

euro-zone watchers breathed a sigh of relief. The zone’s 19 finance ministers backed the European Commission’s decision that Italy should not be penalised for allowing its public-debt burden to rise in 2018 in violation of thefor the current year, cobbled together by Italy’s governing coalition, a damaging confrontation seems to have been resolved.

Dissatisfaction at this record has been skilfully converted into votes by Italy’s government, an unwieldy coalition between the Northern League and the Five Star Movement. The League’s leader, Matteo Salvini, has been able to whip up anger against two main enemies: the, which he says is a “gulag” that imposes wretchedness, and the inflow of migrants from Libya, which he also blames in part on the.

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