Fund managers have said markets are far too complacent about the impact of Italian elections on 4 March, warning the eurosceptic views of three of the four main parties could threaten the European Union in the long term.
Political risk in Europe fell away dramatically last year after Emmanuel Macron defeated National Front leader Marine Le Pen in May's French Presidential Elections and far-right Party for Freedom leader Geert Wilders failed to make any inroads in the Dutch elections. Furthermore, German Chancellor Angela Merkel is expected to secure a coalition with the pro-European Union SPD party after her conservative alliance suffered its worst election performance since 1949, subject to a vote on the agreement on 4 March. In Italy, four parties remain in contention of securing an election victory...
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