Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.
Two possible outcomes to the Italian political crisis include: a coalition between M5S and Partido Democratico , which criticizes both the trade unions and the banking industry; or a right-wing coalition led by Lega.
At the same time, some analysts raise questions about the economic policies that a Lega-led government would pursue. "That was the worst possible coalition for economic policy, both in terms of fiscal policy, both in terms of structural policies. So, anything that comes in place of that would be better," Francesco Papadia, a senior fellow at the think tank Bruegel and former official at the Bank of Italy, told CNBC's Squawk Box Europe, said about the Lega-M5S coalition.
, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Two possible outcomes to the Italian political crisis include: a coalition between M5S and Partido Democratico , which criticizes both the trade unions and the banking industry; or a right-wing coalition led by Lega.
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