The country has seen 66 different governments since World War II, an unfortunate feature that has made it very difficult to introduce sustained reforms.
The country has seen 66 different governments since World War II, an unfortunate feature that has made it very difficult for any one government to introduce sustained reforms and boost Italy's long-languishing productivity.
Ten-year Italian bond yields have hit fresh three-year lows, breaking through a 200 basis point yield differential to Germany on the anticipation of a more Europhile Italian government as well as another potential round of quantitative easing from the European Central Bank in September, which would also be supportive for bonds.So why is this coalition coming together now?The last general election in March 2018 saw a surge in popularity for M5S with the party securing 32% of the vote.
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