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News, Paul Wallace, Published on 02/03/2018
» Ahead of Italy's election on March 4, investors are most afraid of political change. They worry that the government may succumb to the populist forces that France and the Netherlands dodged last year. Such fears are misplaced. Italian political risk is overhyped. By contrast there is undue complacency about Italy's vulnerable economy, the third biggest in the euro area.
News, Paul Wallace, Published on 19/10/2017
» Right now the European Union is united on one thing above all: to get Britain to pay as big a divorce bill as possible when it exits the EU. But while money will unite leaders at this week's European summit, it will divide them after Brexit.
News, Paul Wallace, Published on 22/09/2017
» Unlike the nerve-jangling elections earlier this year in the Netherlands, France and Britain, Germany's has been notably dull. The country that invented "Sturm und Drang" is showing a distinct lack of storm and stress as Angela Merkel heads towards a fourth term as chancellor.