Market holds breath as Italy turns to populists

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Market holds breath as Italy turns to populists

DiMaio_PA_230x150
Leader of the Italy's populist Five Star Movement, Luigi Di Maio present his would-be cabinet team ahead of elections on March 4, on march 01, 2018 in Rome, Italy. (Photo by Silvia Lore/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

The better-than-expected performance of the Northern League and the Five Star Movement in Sunday’s Italian election provoked alarm but not panic in the FIG market. Issuance from the country is likely to slow down as politicians try to form an administration.

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